Strategy Expects to List STRK Convertible Preferred Stock on Nasdaq Today

Odaily News Strategy's new convertible preferred stock, Strike (STRK), is expected to be listed on the Nasdaq today. The company has proposed new performance targets, including $10 billion in Bitcoin revenue and a 15% Bitcoin yield by 2025. In addition, the company did not adopt the Financial Stability Accounting Board (FASB) rules, otherwise it would have avoided a $1 billion impairment loss.
So far, Strategy has used about $17 billion of the $21 billion market value stock plan. In the earnings report, the company hinted that the stock sales accounted for only 2.9% of the total cumulative trading volume, of which the trading volume from November 11 to 15 accounted for 7% of the total trading volume. (Coindesk)