Strategy Shifts to Preferred Stock to Buy More Bitcoin

[madtrader]

Bitcoin treasury firm Strategy is pivoting its funding model, with CEO Phong Le announcing a shift from issuing common stock to relying more on preferred stock sales to finance Bitcoin purchases.

The company’s perpetual preferred stock, Stretch (STRC), offers an annual dividend of over 11% and is designed to attract investors seeking stability without diluting common shareholders. Le expects STRC to become a “big product” for Strategy this year as the firm continues expanding its Bitcoin holdings.

#Bitcoin #BTC #Strategy #CryptoTreasury #Investing

[ed]

lol so basically they found a way to keep buying btc without annoying common shareholders not gonna lie thats kinda smart