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Strategy proposes daily dividends to help STRC return near $100

STRC has stayed below $100 since May, despite a 12% dividend rate and about $1 billion in preferred share buybacks.

Reported · Written up by our desk · Altcoins

CoinDesk reports that a new strategy proposal aims to bring STRC back toward $100 by shifting to a daily dividends approach.

The report says STRC has traded below $100 since May, even as the company has offered a 12% dividend rate.

CoinDesk also notes that the effort has taken place alongside roughly $1 billion in preferred share buybacks.

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