MicroStrategy

MicroStrategy

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Strategy's credit risk falls as preferred equity value surpasses convertible debt

The bitcoin-owning company's capital structure is shifting toward permanent capital, reducing refinancing risk and damping credit volatility.

Strategy Executive Chaiman Michael Saylor (Gage Skidmore / CC BY-SA 2.0 / Modified by CoinDesk)

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Michael Saylor's Strategy purchases another $2.13 billion in bitcoin

The company now holds 709,715 bitcoin, acquired for nearly $54 billion.

Strategy Executive Chaiman Michael Saylor (Gage Skidmore / CC BY-SA 2.0 / Modified by CoinDesk)

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BlackRock’s PFF ETF has $380 million worth of exposure to MSTR's preferred equities

ETF allocations to Stretch, Strife, and Stride underscore institutional appetite for MSTR income securities.

Strategy Executive Chairman Michael Saylor at the Digital Asset Summit in New York City on March 20, 2025. (Nikhilesh De)

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Tech index futures, crypto stocks drop as U.S.-Europe trade tensions rise, bitcoin falls

Risk assets slide amid tariff uncertainty and rising global bond yields.

Chart of the Invesco QQQ ETF (TradingView)

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Strive’s preferred stock hits par value, unlocking bitcoin funding channel

The perpetual preferred equity, SATA, moved above $100, giving Strive access to at-the-market issuance.

SATA (TradingView)

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Strategy’s Saylor signals more bitcoin purchases after $1.25 billion splurge

Strategy has bought nearly 15,000 BTC so far this year, pushing its stash to about 687,000 BTC as Saylor signals more purchases may be coming.

Michael Saylor, Executive Chairman of Strategy (MSTR)

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Strategy’s preferred 'STRC' drops below par after ex dividend date

Strategy's preferred stock, STRC, sees a familiar ex dividend dip below the $100 par level.

CoinDesk

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U.S. bitcoin buyers are now driving price rally, reversing late 2025 trend

Strength in bitcoin linked U.S. equities, led by Strategy, is reinforcing positive sentiment during U.S. trading hours.

BTC Returnsby Session

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The iPhone moment for Michael Saylor’s preferred stock 'Stretch' at Strategy

Stretch traded $175.7 million on Monday, almost three times its 30 day average trading volume.

Michael Saylor, Executive Chairman of Strategy (MSTR)

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Michael Saylor's Strategy buys $1.25 billion bitcoin, largest purchase since July

Strategy purchased 13,267 BTC for $1.25 billion via the use of common stock and it's perpetual preferred equity STRC.

MicroStrategy Executive Chairman Michael Saylor (Danny Nelson/CoinDesk)