Strategy Inc. announced that the annual dividend rate on its STRC preferred stock will remain at 12% for record dates beginning in August 2026. The Nasdaq-listed security closed July 31 at $89.46, about 10.6% below its $100 stated amount. The 12% rate translates to an effective annual yield of roughly 13.41% based on the stated amount. A $3.75 billion reserve, representing about 2.1 years of preferred dividends and debt interest, supports the payout. Strategy repurchased 288,930 shares below par between July 20 and July 26 for roughly $25 million, using a 13.5% discount to the stated value. About $975 million of the $1 billion repurchase authorization remains available. Management said it will maintain the 12% rate until STRC shows sustained trading near $100, a target it has not set a deadline for. The next dividend payment of $0.50 per share is scheduled for August 15, with the record date on July 31. Payments are twice monthly and are subject to board approval. STRC is unsecured and not FDIC insured. Strategy has sold about $218.4 million of Bitcoin through July 26 to fund dividends and repurchases, reducing its Bitcoin holdings to 843,775 BTC valued at $54.77 billion. Executive Chairman Michael Saylor promoted the unchanged rate on August 1. The company’s next steps include watching the August 15 distribution, further share repurchases and upcoming SEC filings.