According to @saylor, Strategy declared cash dividends on its four preferred shares $STRF, $STRC, $STRK, and $STRD, with a payable date of Sep 30, 2025. Source: @saylor on X, Sep 2, 2025. The announcement also states that the dividend rate on $STRC increased to 10.0% from 9.0%, lifting the annualized cash yield by 100 bps for holders at unchanged principal. Source: @saylor on X, Sep 2, 2025. The post does not disclose record or ex-dividend dates, so dividend-capture strategies should await the official notice or filing before positioning. Source: @saylor on X, Sep 2, 2025. Traders should update yield screens for $STRC and monitor relative pricing and yield spreads across the STR preferred complex heading into the Sep 30 payable date. Source: @saylor on X, Sep 2, 2025. The announcement does not mention BTC or other digital assets, indicating no stated direct crypto-market linkage. Source: @saylor on X, Sep 2, 2025.

According to Michael Saylor, Strategy has launched $STRD ('Stride'), a perpetual preferred stock offering targeted at institutional and select non-institutional investors (source: @saylor on Twitter, June 2, 2025). This move may increase Strategy's liquidity and capital flexibility, potentially enabling further investments in Bitcoin and digital assets, which could impact $MSTR's exposure to the crypto market. Traders should monitor $STRD’s performance and its influence on $MSTR, as well as any subsequent Bitcoin acquisition announcements from Strategy that could drive crypto market volatility.