Strategy (MSTR) Investor presentation summary

Strategic initiatives and market position

• Holds approximately 90% of the $16 billion digital credit market, with $14.5 billion outstanding as of September 2026.

• STRC serves as a foundational platform for digital money and yield, supporting over 20 products and $500 million in STRC held.

• STRC aims to trade consistently at $99–$100, supported by ongoing share buybacks and product enhancements.

• Ambition to become the world's largest company by market cap, leveraging digital credit and Bitcoin accumulation.

• Targeting annual digital credit sales equal to 10–20% of BTC reserves, doubling Bitcoin per share in seven years.

Product enhancements and dividend policy

• Proposal to amend dividend payments to a daily schedule for STRF, STRC, STRK, and STRD, moving from quarterly or semi-monthly to daily accruals.

• Each calendar day becomes a record date, with dividends paid the next business day, aligning with 24/7 digital markets.

• Daily dividends are designed to stabilize prices, reduce volatility, increase liquidity, and drive demand.

• Shareholders previously approved semi-monthly dividends for STRC with overwhelming support; $255 million paid since implementation.

• Transition to daily dividends scheduled for November 2026 (STRC) and January 2027 (STRF, STRK, STRD), pending approvals.

Comparative yields and market impact

• STRC, STRD, and STRE offer tax-equivalent yields of 19.3%, 21.4%, and 19.8% respectively, significantly higher than traditional credit instruments.

• STRC's current yield is 12.2% with a 19.3% tax-equivalent yield and $141 million average daily liquidity.

• Higher dividend frequency is expected to reduce ex-dividend date price volatility by shortening entitlement periods.

• Strategy's preferred securities would represent 93% of the global daily dividend preferred market cap if the amendment is approved.

• Amendment is expected to make digital credit more attractive for institutional cash management and passive investment strategies.