Strategy (MSTR) Stock Drops as Company Transitions to Preferred Stock for BTC Purchases

TLDR Strategy (MSTR) plans to use preferred stock instead of common shares to fund future Bitcoin acquisitions The company’s STRC preferred stock hit $100 par value Wednesday, allowing Strategy to resume new offerings STRC provides 11.25% annual dividend paid monthly to attract yield-focused investors CEO Phong Le ruled out buying competing Bitcoin treasury firms despite [...]

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