Strategy Aims to Mitigate Stock Volatility Through Expansion of Preferred Shares

On the 11th, Phong Le, CEO of Strategy, the largest holder of Bitcoin (BTC), revealed in an interview with Bloomberg his intention to expand the issuance of perpetual preferred shares as a new means of fundraising that mitigates stock price volatility.

Mr. Le explained, 'We have developed a product for investors who seek access to digital assets but want to avoid volatility.' Named 'Stretch,' these preferred shares adopt a variable dividend system, currently set at a dividend rate of 11.25%.

However, the use of preferred shares has been limited at present. Funds for Bitcoin purchases over the past three weeks are...