🎳Strategy changes the scheme: more prefs — more Bitcoin
CEO Strategy Fong Le announced a change in the financing strategy for BTC purchases. The company is gradually moving away from issuing common stocks and is betting on perpetual preferred stock.
♻️What is changing
— Transition from equity capital to preferred capital
— The main instrument is Stretch (STRC)
— The annual dividend on STRC is >11%
— This is already the fourth perpetual offer for financing Bitcoin purchases.
The idea is simple: dilute MSTR less, attract more stable capital through preferred shares.
📈 STRC is again at $100 — what’s next?
On Wednesday, STRC returned to par value of $100 for the first time since mid-January. Previously, shares fell below $94 amid a collapse of BTC below $60K.
Now that the price is back at par value, Strategy can restart the placement and direct funds towards new Bitcoin purchases.
BTC is trading around $66.8K — without a pronounced impulse.
🧠 Why not buy competitors?
There are more and more 'Bitcoin treasury' companies on the market, and some are trading below net asset value.
But Leo believes that buying competitors is a distraction from the main strategy:
In the new market, one needs to focus on their own product. Buying other digital treasury companies is a distraction.
📉 MSTR shares finished the session down 5% at $126.14.
📌 Conclusion
Strategy is not slowing down on Bitcoin — it is changing the instrument. Less dilution, more dividend math. If STRC holds at $100, the market will again see aggressive BTC purchases.