MicroStrategy STRC dividend rises to 11.5%, Michael Saylor signals further buyback

MicroStrategy founder Michael Saylor posted a signal indicating increased Bitcoin holdings on the X platform on March 1. According to previous patterns, MicroStrategy typically discloses a new round of Bitcoin accumulation data the day after such signals are issued. Market expectations are that a new buying record will be announced as early as this week. MicroStrategy has also raised the March dividend on its perpetual preferred stock STRC to an annual rate of 11.50%, a 25 basis point increase from last month.

Saylor Bitcoin Tracker’s Conventional Logic: Leading Signal of Accumulation

(Source: StrategyTracker)

MicroStrategy often interprets Saylor’s social media posts about Bitcoin tracking as a precursor to increased holdings. The most recent purchase occurred in mid-February, when MicroStrategy bought 592 Bitcoin at an average cost of $67,286 per coin, completing its 100th Bitcoin acquisition, bringing total holdings to 717,722 coins.

Currently, MicroStrategy’s average purchase price for Bitcoin is $76,020 per coin, while the current Bitcoin price remains below this cost, resulting in an unrealized paper loss of approximately $6.5 billion. The latest 2026 tracking report shows the market value of Bitcoin treasury assets is about $48 billion. The company states that even if Bitcoin drops to $8,000, it can still repay all debts.

Key Data on MicroStrategy’s Current Position

Bitcoin Holdings: 717,722 coins (after 100th purchase)
Average Purchase Price: $76,020 per coin
Bitcoin Treasury Market Value: approximately $48 billion
Unrealized Paper Loss: about $6.5 billion (Bitcoin below cost)
MSTR Stock Price: $129.50, significantly down from the 2024 high of over $540
Latest STRC Dividend: 11.50% annual rate (up 25 basis points from last month)

STRC Dividend Increase and MicroStrategy’s Capital Strategy Shift

The increase of STRC’s dividend to 11.50% reflects MicroStrategy’s ongoing adjustment of its overall financing strategy. The company has gradually reduced reliance on issuing MSTR common stock to finance Bitcoin purchases and shifted toward increasing the proportion of perpetual preferred stock. CEO Phong Le stated that, as of 2025, about $7 billion has been raised through preferred stocks like STRC, accounting for roughly one-third of the entire preferred stock market.

STRC’s design links monthly dividends to a $100 face value, with periodic adjustments to maintain stable trading prices. Since its first trading in July 2025, this is the seventh adjustment. This is particularly notable amid Bitcoin’s nearly 20% decline in February and MSTR’s eighth consecutive month of decline (February down 14%).

MSTR remains well below its peak at the end of 2024. The company reported a net loss of $12.4 billion in Q4 2025, despite a 1.9% year-over-year revenue increase, which has severely impacted market sentiment. Critic Peter Schiff commented that the market has given investors “ample time to sell above $65,000,” warning that those buying on dips may face similar difficulties.