Strategy shareholders approved a plan to pay STRC dividends twice a month, the latest move by the Bitcoin treasury firm to steady one of its preferred stock products after a volatile stretch in the market.

The proposal was approved by holders of both Strategy common stock and STRC at the company’s annual meeting on June 8. The change moves STRC’s dividend record and payment dates to the 15th and final day of each month, replacing the previous monthly schedule.

The new cadence will begin at the end of June. The first twice monthly record date is set for June 30, with the first payment scheduled for July 15. STRC’s final monthly record date will be June 15, followed by its final monthly payment on June 30.

Strategy CEO Phong Le said the faster payout schedule is designed to help stabilize STRC’s price, improve liquidity, reduce cyclical pressure, and give holders more frequent reinvestment opportunities.

The approval comes after STRC slipped further below its $100 stated amount during last week’s market selloff. The preferred stock fell to an all time low on Friday, nearing $90, before recovering on Monday to trade near $97, signaling renewed demand as broader markets rebounded.

The drop in STRC also came as Bitcoin fell to its lowest level in nearly two years, briefly trading below $60,000 on Friday before recovering to near $64,000 on Monday morning.

STRC’s annualized dividend rate for June stands at 11.50% on its $100 stated amount. Strategy can adjust the rate to help support trading around par.

The dividend change also follows fresh scrutiny of Strategy’s capital structure after the company sold 32 BTC in late May to help fund preferred stock distributions, its first Bitcoin sale in years. Strategy resumed buying today, adding 1,550 BTC for about $101.3 million and bringing its total holdings to 845,256 BTC.