Strategy Inc. plans to begin daily dividends on its STRC preferred stock on November 2, distributing a total of $1 per share for the month while maintaining a 12% annual dividend rate. The proposed schedule requires shareholder approval on October 28 and completion of amendments by November 1; otherwise, STRC will retain its existing arrangement, including a previously declared November 15 payment. STRC recently traded just above $99 after reaching $99.94, its highest level since May. Strategy has repurchased substantial amounts of STRC to support trading near its $100 stated amount, spending about $368.7 million on buybacks between September 28 and October 11, compared with about $50.2 million on Bitcoin purchases.