The company’s board of directors approved payments for each calendar day from November 1 to 30. The payments will be made on business days, so the first payouts will begin on November 2, at an annual rate of 12%. Strategy management plans to keep the rate in place until the price of STRC stabilizes at its $100 face value.
The share price is currently $97.8, up 37.3% from the June low of $71.25. To stabilize the price through share buybacks, Strategy sold BTC and common shares. Strategy remains the largest holder of BTC — 848,300 coins ($68.7 billion), or 4% of all coins. Unrealized profit stands at $4.7 billion (7.3%).