Strategy's preferred STRC shares closed July at $89.46, below the $100 par value, and the company said the August dividend will stay at 12%.

The dividend was raised to 12% in June after shareholders approved semi‑monthly payments, which began in August, marking the second month of the new schedule. The share price rose 5.42% in May, but trading volume on Friday was about two‑thirds of the daily average.

Michael Saylor posted on X on Saturday that the dividend level would remain unchanged and that the firm might adjust its Bitcoin treasury holdings. CEO Phong Le stated that management aims for STRC to trade between $99 and $100 over time, without providing a timeline. Strategy reported a $8.22 billion net loss in the second quarter, primarily due to an $8.32 billion unrealized loss on its Bitcoin holdings as the cryptocurrency price declined. The company said it has built a $3.75 billion cash reserve to fund preferred dividend and interest payments, enough to cover more than two years of obligations. It also repurchased $25 million of preferred shares at a discount to par and plans to continue buying while the price stays below $100.

The firm has not set a date for the stock to reach the $99‑$100 range, and the potential change in its Bitcoin treasury strategy has not been s