NasdaqGS:MSTRSoftware
Why Strategy (MSTR) Is Down 6.1% After Pivoting To Equity-Funded Bitcoin Purchases And Preferred Dividends
In recent weeks, Strategy Inc. (formerly MicroStrategy) raised more than US$2.13 billion through common and perpetual preferred stock sales to buy 22,305 bitcoin, lifting its corporate holdings to 709,715 coins and further cementing its role as a proxy for bitcoin exposure.
This push has shifted its balance sheet toward perpetual preferred equity instead of convertible debt, easing refinancing deadlines but heightening focus on ongoing dividend obligations and the long‑term sustainability of...