Strategy CEO Announces Expanded Perpetual Preferred Stock Issuance Amid Bitcoin Volatility

TLDR: Strategy’s “Stretch” preferred shares offer 11.25% variable dividend with monthly resets to stabilize price The company holds 714,000 Bitcoin worth $48 billion but stock dropped 73% since November 2024 record high Preferred shares represent just $7 million of funding versus $370 million in common stock sales recently Bitcoin fell below $67,000, down nearly 50% [...]

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