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Cryptoprowl / Serial Bitcoin (CRYPTO: $BTC ) acquirer Strategy (NASDAQ: $MSTR ) is maintaining the 11.5% dividend rate on its perpetual preferred stock called Stretch (NASDAQ: $STRC ).

This is the third consecutive month that Strategy has held the dividend payment steady at 11.5%. 

The company, led by chairman Michael Saylor, said that the average share price of Stretch in April came in at $99.76 U.S., which was close enough to its $100 U.S. par value to justify leaving the rate unchanged.

With STRC stock, Strategy aims to reduce volatility and keep the price anchored near its $100 U.S. par value. It uses sales of the stock to help fund its ongoing Bitcoin purchases.

Strategy markets STRC as a short-duration, high-yield savings alternative, paying monthly cash distributions to stockholders.

Stretch is currently trading at $99.86 U.S. per share and has remained below its par level since April 15 of this year.

At the same time, Strategy’s main common stock has recovered in recent weeks, gaining 33% in April to end the month at $165 U.S. per share.

April was the first positive month in nine for Strategy’s stock. Previously, MSTR stock fell 75% over eight consecutive months as the price of Bitcoin slid lower. 

Strategy’s common stock has now recovered alongside Bitcoin, which rose 13% in April, its best monthly performance since April 2025.

Michael Saylor recently said that Strategy is considering a shift to a semi-monthly (twice a month) dividend payment for STRC stock, moving away from its current monthly distribution.