Interview Puts Strategy's STRC Holder Base at 83% Retail Amid Dividend Funding Questions
A recent interview about Strategy's STRC preferred stock said 83% of holders are retail investors and that most got their investment information from the company selling it. The comments add a new investor-base detail to a debate that had centered mainly on how Strategy will fund the preferred stock's dividends.
Strategy shareholders on June 8 approved moving STRC dividends from monthly to semi-monthly, with the first record date on June 30 and the first payment on July 15. JPMorgan has said Strategy's cash reserves cover about 6.3 months of dividend payments and that the company needs a plan to fund roughly $1.7 billion of annual dividends, while the interview argued that each option now available would worsen rather than ease the underlying financial pressure.
From the sources (11 posts)
@wublockchainJPMorgan: H2 market performance will depend on Strategy’s funding plan for its roughly $1.7B annual dividends and the passage of the CLARITY Act JPMorgan said Strategy’s recent sale of 32 BTC was small, but raised concerns over whether the
@coinmarketcapLATEST: 🏦 JPMorgan is turning cautious on crypto, warning Strategy’s cash reserves cover just 6.3 months of dividends and giving the CLARITY Act less than 50% odds of passing.
@coinmarketcapLATEST: ⚡ Strategy CEO Phong Le says the firm’s goal is to keep growing its Bitcoin holdings per share over time, even if occasional BTC sales are needed.
@saylor$STRC and $MSTR shareholders have approved the amendment to move $STRC dividends from monthly to semi-monthly. Under the new cadence, the first record date is June 30 and the first payment date is July 15. Thank you to every shareholder who
@tyler_did_itSTRC at $91 looking like a generational buy
@cointelegraph🔥 UPDATE: Saylor says $STRC dividends will move from monthly to semi-monthly after shareholder approval.
@coindeskNEW: Strategy shareholders have approved moving $STRC dividends from monthly to semi-monthly payments. First payment: July 15.
@theblockcoStrategy shareholders approve semi-monthly dividends for STRC preferred stock
@laurashinRT @laurashin: 😳 The big takeaways from this conversation with @GlennOnrampBTC: 👉About 80% of STRC holders are retail investors who were t…
@laurashinI asked @GlennOnrampBTC who actually holds STRC. His answer: electricians, plumbers, nurses, truck drivers messaging him because they're worried. 83% are retail, and according to him, most got their investment information from the company
@laurashinThis is how @GlennOnrampBTC closed the argument: 'You're not emptying the bucket. You're drilling a hole in the bucket.' According to him, every option Strategy has right now makes the underlying financial pressure worse, not better. 📉 htt