Strategy Executive Chairman Michael Saylor said Bitcoin itself does not pay a coupon; Strategy generates dollar income for security holders through its financing structure and cash reserves. The company can raise funds by issuing shares or selectively selling holdings, while separately reserving dollars for dividends and debt interest. MSTR common shares offer ownership and greater Bitcoin exposure, whereas STRC, or Stretch, is preferred stock aimed at investors seeking dollar income with reduced price volatility. STRC ranks ahead of common shares for dividends and liquidation proceeds, currently carries a 12% annualized rate, and pays cash twice monthly. Its monthly rate adjustments are designed to support trading near its $100 stated value, but it has no maturity date or guaranteed principal repayment. Strategy has proposed daily dividend accrual, subject to an October 28 shareholder vote; if approved and adopted, STRC's first daily record date would be November 1 and its first payment would be November 2.