Strategy is seeking stockholder approval to pay dividends every day on four of its Nasdaq-listed preferred stocks, according to a preliminary proxy statement filed with the U.S. Securities and Exchange Commission on September 25th.

Company founder and chairman Michael Saylor announced the proposal in a September 25th X post, stating that the changes "aim to support price stability, liquidity, and demand."

Under the plan, dividends on STRF, STRC, STRK, and STRD would accrue every calendar day, including weekends and holidays, and be paid on the following business day.

Strategy stated that the change would not alter dividend rates or increase its total payment obligations on any of the four securities.

STRC, formally the Variable Rate Series A Perpetual Stretch Preferred Stock, currently pays dividends twice a month, while STRF, STRK, and STRD pay quarterly.

STRC is the largest of the four, with $9.3 billion in notional value and a 12% variable annual dividend rate, according to an investor presentation released alongside the filing.

If the amendment passes, STRC would switch first, with its first daily record date on November 1st and first daily payment on November 2nd.

STRF, STRK, and STRD would follow with a first daily record date of January 1st, 2027, and a first payment on January 4th, 2027.

Strategy's fifth preferred stock, STRE, is not part of the proposal.

Only holders of Strategy's Class A and Class B common stock as of the September 25th record date can vote on the amendment, while preferred stockholders cannot.

Approval requires a majority of the voting power of all outstanding common stock, so abstentions and broker non-votes count against the proposal.

Saylor controls about 32.9% of total voting power through his Class A and Class B holdings, the proxy disclosed.

The special meeting will be held virtually on October 28th at 10:00 a.m. Eastern Time, and Strategy plans to file a definitive proxy and open voting on October 5th.

Strategy's board argued that more frequent payments would shrink the accrued dividend value built into trading prices between payment dates, which it expects to help STRC trade near its $100 stated amount.

The presentation reported that the median price drop on ex-dividend dates fell to 0.36% under semi-monthly payments, from 0.49% under monthly payments.

The board also cited faster dividend reinvestment for holders and a framework that could support seven-day-a-week payments as market infrastructure develops.

According to the proxy, more efficient access to preferred capital could support Strategy's ability to acquire Bitcoin in a way that is accretive to common stockholders.

Stockholders approved STRC's move from monthly to semi-monthly dividends on June 8th, with 99.9% of MSTR shares voted and 97.5% of STRC shares voted in favor.

Strategy has since paid $255 million in semi-monthly STRC dividends.