X @Michael Saylor

RT Simon Gerovich (@gerovich)As we enter our next phase of growth, a key question is why preferred shares are a more powerful tool than issuing common stock. The answer lies in how we can continue increasing Bitcoin per share without depending on equity issuance. When a company raises common equity, it increases its Bitcoin holdings but also the number of shares. That dilution can slow Bitcoin per share growth. Preferred shares allow us to raise capital at a fixed dividend rate without increasing the number ...