preferred stock
Coverage of preferred stock in the Nexus archive.
- Strategy is losing a lot of money on bitcoin. Here’s why it’s selling anyway.
Strategy sold over 3,000 bitcoins to raise cash for paying dividends on its preferred stock, despite Executive Chair Michael Saylor previously stating the company did not need to take this action.
- Strategy sold bitcoin for the first time since 2022 to cover preferred stock dividends
The bitcoin-hoarding firm founded by Michael Saylor sold 32 coins for $2.5 million to fund preferred stock dividends. This marks the first bitcoin sale since 2022 for this purpose.
- Preferred Stock Is Becoming Bitcoin Treasury Firms’ Financing Tool of Choice: Report
Preferred shares backed by Bitcoin holdings are emerging as a key financing tool for Bitcoin treasury firms, with a current market value of $13 billion. A report from BitcoinTreasuries.net and Apyx projects this market could grow to 3-5% of the global preferred market by 2030, driven by demand from institutional investors seeking high yields amid Bitcoin's volatility.
- NYC’s AI-powered private school’s second location guarantees students will graduate with million-dollar business
NYC’s AI-powered private school is opening a second location, guaranteeing students will graduate with a million-dollar business. The article includes a sarcastic comment questioning the prioritization of childhood over financial gains.
- NYC’s AI-powered private school’s second location guarantees students will graduate with million-dollar business
NYC’s AI-powered private school is opening a second location, promising students will graduate with a million-dollar business. The article includes a sarcastic remark about childhood versus preferred stock.
- Benchmark reiterates $570 target on Strategy after STRC selloff, says preferred stock is ‘not a stablecoin’
Benchmark stated STRC's drop below $83 was a leverage flush, not a depeg, and reaffirmed its $570 target on Strategy. The firm clarified that preferred stock is not a stablecoin.
- How STRC lost its par: The timeline behind Strategy's preferred-stock meltdown
STRC's preferred stock lost its par value, leading to a significant financial downturn. The article outlines the timeline of events contributing to this meltdown in Strategy's preferred stock.
- Strategy’s preferred stock STRC continues to trade under $90 as trading volume jumps
Strategy's preferred STRC stock closed under $90 for the second consecutive day at $88.59, with the price having dropped as low as $82.50. Trading volume for the stock has increased significantly.
- Everyday Savers Bet Big on Bitcoin Giant Strategy's STRC—Now It's Falling
Everyday investors in Strategy’s STRC have been attracted by double-digit yields, but the preferred stock's recent volatility has caused uncertainty. The article highlights concerns over the falling value of STRC despite its initially appealing returns.
- How Michael Saylor’s preferred stock gamble could trigger a death spiral for Strategy
Michael Saylor’s company Strategy holds 844,000 Bitcoin worth $51.1 billion but faces financial risks due to $15.5 billion in preferred stock and $6.2 billion in debt. Strategy’s stock trades at a premium despite its assets being primarily Bitcoin, which has declined in price, raising concerns about a potential collapse in share value.
- Tom Lee’s BitMine Plans $300M Preferred Stock Sale for ETH Treasury Push
Tom Lee’s BitMine is planning a $300 million preferred stock sale to support an ETH treasury model. The offering would link fixed cash dividends to a staking-heavy ETH treasury, while Strategy’s preferred stock faces pressure.
- Strategy situation ‘out of hand,’ says Arca exec on $15B preferred stock burden
Arca's Jeff Dorman warns that the strategy situation is 'out of hand' due to a $15 billion preferred stock burden. The company's CEO also mentioned potential Bitcoin sales amid pressure on the capital structure.
- Strive acquires 789 BTC, bumping ninth-largest corporate bitcoin treasury over 14,000 BTC
Strive acquired 789 BTC, increasing its corporate treasury to over 14,000 BTC, making it the ninth-largest holder. The company also adjusted its preferred stock's trading range and raised its monthly dividend yield to 12.75%.
- Strategy looks to boost preferred stock STRC’s dividend payments to semi-monthly
STRC, a perpetual preferred stock, is implementing a strategy to increase its dividend payments to a semi-monthly basis. The stock currently offers an annualized dividend rate of 11.5% and is structured to trade near a $100 par value.