Strategy’s Bold Plan: More Bitcoin and Better Preferred Stock—Who Could Say No?

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Strategy’s Bold Plan: More Bitcoin and Better Preferred Stock—Who Could Say No?

Ah, the *dazzling* world of finance, where strategy apparently means throwing a dash of IPO into the bubbling cauldron of Bitcoin. On June 2nd, our dear strategists decided that the world needed more of their brilliance, announcing an offering of “10% Series A Perpetual Stride Preferred Stock” at the modest price of $100 per share—because, of course, nothing screams capitalism like prefixed, perpetual preferences served with a side of lofty ambitions under the ticker STRD.

It seems the noble aim is to gather funds for “general corporate purposes,” which is a fancy way of saying “let’s see if we can buy more Bitcoin and still call it a day.” Yes, the proceeds will finance this crusade for digital gold, all while charming institutional and select non-institutional investors—those lucky few—who are invited to partake in the joyous dividends of perhaps 10%, though, don’t get too attached; dividends come and go, much like fashion trends.

Michael Saylor, the sage of the cryptosphere, announced that New Preferred Stock ($STRD) is available to the elite and the curious, promising wealth and perhaps chaos—a perfect cocktail for the modern gourmand.

— Saylor (@saylor) June 2, 2025

The Art of Offering and Wheat from Chaff

Dividends? Oh, they’re there—at a humble 10%—but like all good things in finance, are optional and non-cumulative, because why not keep investors guessing? And fear not, dear reader, the company retains the mystical right to redeem shares if fewer than 25% remain outstanding—a subtle way to say, “We might just disappear if you’re not watching.”

Their latest pièce de résistance involves a grossly amusing “liquidation preference,” an innovation designed to protect investors from, say, a stock skyrocketing—because who doesn’t want a fairy-tale ending?

Major underwriters—Barclays, Morgan Stanley, TDS—have joined this ballet, turning what could be mere whimsy into a veritable spectacle of financial acrobatics.

Strategy proclaims a complex treasury scheme: offering the thrill of Bitcoin exposure through a pantheon of securities—equity, bonds, and the like—so investors can pick their poison, or perhaps just their preferred side of the pillow.

Bitcoin: The Ever-Growing Treasure Trove

Meanwhile, our valiant Strategy has continued its ardent love affair with Bitcoin, purchasing a staggering 705 BTC worth $75.1 million at nearly $106,495 each. The treasure chest now holds 580,955 BTC, a figure so astronomic it nearly defies comprehension, representing almost 3% of the circulating supply—an empire of digital gold worth over $61 billion, with a tidy profit of over $20 billion in unrealized gains.

And let’s not forget the stock—MSTR—clambering upward to $372 in after-hours shenanigans, up nearly 29% this year. Bitcoin, ever the harbinger of unpredictable madness, flirted above $106,000 during Asian mornings, perhaps dreaming of 200K, or just playing hard to get.

It’s all quite splendid, isn’t it? A spectacle of wealth, wit, and whispered promises of perpetual prosperity—oh, what a wondrous, Wilde-esque show!

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2025-06-03 07:43