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Michael Saylor’s Strategy Increases STRC Dividend to 10.5% Amid October Losses
Strategy Announces 10.5% Dividend Amid Positive Q3 Results
- Michael Saylor's firm Strategy declares a 10.5% monthly dividend on STRC stock.
- The announcement follows a strong Q3 report with $3.9 billion in profits, reversing a $432.6 million loss from the previous year.
- The dividend increase (from 10.25%) reflects confidence in their Bitcoin-backed model and aims to fund further Bitcoin purchases.
- Strategy holds 640,808 BTC, showing unrealized gains of $23.2 billion.
Bitcoin Treasury Firms See Market Cap Drop as Bitcoin Falls
- Bitcoin closed October at approximately $110,150, an 8% decline.
- Publicly listed Bitcoin treasuries' market cap fell from $142.4 billion to $123.6 billion, a $18.8 billion drop.
- Despite this, Bitcoin holdings by treasury firms increased by 3,970 BTC, equal to $437.8 million.
- This trend indicates ongoing institutional interest in Bitcoin as a strategic asset.
Best Wallet Presale Surpasses $16.8 Million
- Best Wallet presale reaches $16.8 million, marking a significant early-stage fundraising success in 2025.
- The wallet offers multi-chain support and institutional-grade security features.