According to CoinMeta, as reported by Cointelegraph, Strategy announced that it would maintain the dividend rate for its STRC preferred stocks at 12%, effective from July 1st. The stock price of STRC closed at around $89.46 on July 31st, which is below the par value of $100. Strategy introduced a five-part digital credit capital framework, including approximately $2.55 billion in reserves, two $1 billion repurchase plans, and BTC monetization authorization. Strategy will not raise the dividend rate merely because the trading price of STRC is below par value, and has set the target trading range for STRC between $99 and $100.