Core Insights - The article discusses CTO Realty Growth (CTO) and its preferred stock (CTO.PR.A), which currently offers a yield of approximately 7.4% [1] Group 1: Company Overview - CTO Realty Growth is highlighted as a potential investment opportunity due to its preferred stock's yield [1] Group 2: Investment Strategy - The article suggests that active investors can join a free trial to engage in discussions about investment opportunities, including those related to CTO [1]

Core Insights - The company has reaffirmed that purchasing Bitcoin is not its only focus for 2026, despite incurring a loss of $116 million on the asset as it entered the new year [1] - The balance of the company's USD Reserve has increased to $2.25 billion, with nearly 673,800 Bitcoin held, valued at approximately $62.8 billion based on current prices [1] USD Reserve and Funding - The USD Reserve was established over a month ago, funded by proceeds from the issuance of common stock, initially raising $1.44 billion [2] - The USD Reserve aims to pre-fund cash dividends for various tranches of preferred stock, although the company did not utilize these products for funding in the past week [3] - The company raised $312 million through common stock issuance while retaining a majority of those funds, with no preferred shares issued since mid-December [4] Stock Performance and Market Position - The company's shares rose by 4% to $163, following a significant 49% decline in stock price last year, amid concerns regarding potential delisting from MSCI indices [5] - Analysts have warned that excluding Bitcoin-buying firms from MSCI indices could lead to billions in outflows, while the creation of cash reserves has been viewed as a prudent measure [5] Bitcoin Purchases and Strategy - Although Bitcoin purchases have slowed since the asset's peak of $126,000 in October, the company acquired approximately 22,600 Bitcoin last month, a notable increase from 9,000 Bitcoin the previous month [6] - The company has historically emphasized the amount of Bitcoin owned per share as a key success metric, but the declining value relative to Bitcoin holdings has made common stock issuance less effective for boosting this metric [7] Financial Metrics - As of Monday, the company's mNAV was around 1.03, indicating that issuing common stock to purchase Bitcoin would reduce Bitcoin holdings per share if mNAV falls below 1 [8]

Core Viewpoint - The company, MSTR, has released its Q3 earnings and is advocating for the purchase of its preferred stock over common stock, indicating a strategic shift in investment appeal [1] Financial Performance - MSTR's Q3 earnings report suggests a significant emphasis on preferred stock, which may indicate a premium to net asset value (NAV) [1] Investment Strategy - The analysis reflects a value investing approach, focusing on an owner's mindset and a long-term investment horizon, rather than short-term trading strategies [1]

Dividend Policy - Strategy raises annual dividend rate on preferred stock $STRC from 9% to 10% [1]

Financial Highlights - Strategy 公司以 252 亿美元的价格定价其 $STRC 优先股 IPO，超过最初 5 亿美元的目标 5 倍以上 [1] - Strategy 公司发行 2800 万股股票，每股 90 美元 [1] - Strategy 公司净筹集 247 亿美元用于购买比特币 [1]

Group 1 - Digital Realty Trust, Inc. (NYSE: DLR) is highlighted as one of the most stable companies in the REIT sector [1] - The article focuses on the financial instruments of Digital Realty, particularly its preferred stock (NYSE: DLR.PR.L) [1] - The investing group Trade With Beta offers features such as frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of over 1200 equities, IPO previews, and hedging strategies [1] Group 2 - The article emphasizes the importance of active investor engagement and provides a platform for discussion among sophisticated traders and investors [1]