Strategy plans to issue more perpetual preferred shares to reduce stock price volatility risk

Odaily News: Strategy plans to issue more perpetual preferred shares named "Stretch," aiming to reduce the stock price volatility risk faced by investors through fixed asset value products. These preferred shares currently offer a variable dividend rate of 11.25%, which resets monthly to maintain a par value of $100. Strategy currently holds over 714,000 Bitcoins, with a total value of approximately $48 billion. Affected by the decline in Bitcoin's price, Strategy reported a net loss of $12.4 billion in the fourth quarter. CEO Phong Le stated that this move is designed as a protective mechanism for investors who want exposure to digital capital but wish to avoid volatility. Executive Chairman Michael Saylor indicated that concerns about the company being forced to sell its holdings due to Bitcoin's price decline are unfounded, and the company plans to continue purchasing Bitcoin quarterly.