Key Takeaways Strategy held STRC’s dividend rate at 12% for August 2026, its highest rate since the July 2025 launch. STRC closed at $89.46 on July 31, about 10-11% below its $100 par value. Experts have warned the ratchet mechanism creates “a structure with a finite number of cycles.” A Rate That Keeps Climbing but Can’t Reverse Strategy (Nasdaq: MSTR) Executive Chairman Michael Saylor confirmed on August 1 that the Stretch Dividend Rate for STRC, the company’s Variable Rate Series A Perpetual Preferred Stock, will hold at 12.00% for August 2026. STRC launched in July 2025 at a 9% rate …