X @Wu Blockchain

According to Bloomberg, Strategy CEO Phong Le stated that the company will issue more perpetual preferred shares to address investor concerns over stock price volatility. The new product, "Stretch," offers investors exposure to digital assets while mitigating risk, with a monthly reset dividend rate of 11.25%, designed to stabilize its price around a $100 face value. So far, perpetual preferred shares have made up a small portion of Strategy’s financing, which has included $370 million in common stock and $ ...