TechFlow News, May 17: Michael Saylor, Founder and Executive Chairman of Strategy, stated on X that the perpetual preferred stock STRC is poised to become the only dividend-paying security among the world’s 24,000 dividend securities to implement “bi-weekly dividends,” and urged shareholders to complete voting as soon as possible. Michael Saylor noted that if this proposal is approved, it will make history and advance the establishment of a “$100 standard” in the digital credit space.
(Note: STRC was designed to maintain its trading price near its $100 par value, ensuring continuous fundraising via an ATM market-price issuance program.)
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