Saylor's Strategy Leans on Common Stock Again to Buy Bitcoin While Pitching Preferred Shares.

The article focuses on Michael Saylor's company, Strategy Inc., which recently invested approximately $40 million in Bitcoin, funded entirely through sales of common stock. Between February 17 and February 22, the company acquired 592 Bitcoin, while also utilizing its "Stretch" perpetual preferred shares to finance previous purchases. The preferred shares offer a variable dividend currently set at 11.25%, and the company aims to rely more on this funding method to mitigate concerns from investors about the volatility of common shares. Despite these efforts, Strategy has faced significant financial challenges, reporting a net loss of $12.4 billion for the fourth quarter, with its common stock down around 60% over the past year. [Extracted from the article]