MSTR Stock Drops 5% as Bitcoin Funding Shifts to Preferred Stock.
To raise funds for Bitcoin purchases, the company is shifting its issuance strategy from common stock to preferred stock in order to avoid diluting existing shareholders. CEO Phong Le announced this transition and highlighted the recently issued STRC preferred stock series, which returned to its $100 par value on February 11. With Bitcoin trading at approximately $66,800, the company plans to issue preferred stock at this minimum price in the future to acquire additional cryptocurrency. Le emphasized that the company will focus on core business growth rather than acquiring other digital asset firms.