MicroStrategy's Bitcoin Reserve Now Covers Preferred Dividends at 2.05% Annual Growth
WB
Willow Bancroft
Michael Saylor · Apr 12, 2026
Source: DojiDoji Data Terminal
Preferred stock dividends for MicroStrategy's Variable Rate Series A Perpetual Preferred Stock (STRC) can now be serviced by a 2.05% annual growth in Bitcoin's price. This threshold is the company's BTC Breakeven Annual Rate of Return.
MicroStrategy holds 766,970 BTC acquired at an average price of $75,648 per coin. The reserve is valued near $54.58 billion. The company issued STRC to fund additional Bitcoin purchases, an instrument that currently yields 11.5% annually and pays monthly cash dividends.
Bitcoin appreciation of 2.05% annually covers all preferred stock dividends indefinitely without issuing new $MSTR shares.
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