Why Strategy made STRC's dividend bi-monthly

Michael Saylor's Strategy (formerly MicroStrategy) is changing STRC preferred-stock dividends from monthly to semi-monthly (twice a month), CoinDesk reports. STRC is a perpetual preferred designed to trade near a $100 par with an 11.5% annualized yield. The company's finance team told CoinDesk the change is designed to smooth the carry profile for institutional holders and bring distribution frequency in line with Strategy's own Bitcoin yield-generation cadence. The move does not change the all-in yield; it changes only the timing of payments. Analysts read it as a commitment signal to the preferred-stock channel that now funds the majority of Strategy's new Bitcoin acquisitions.