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Strategy Dumps $2.1B of Its ’Perpetual Strife’ Preferred Stock—Because Nothing Says Stability Like a Fire Sale
Strategy Dumps $2.1B of Its ’Perpetual Strife’ Preferred Stock—Because Nothing Says Stability Like a Fire Sale
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Another day, another corporate maneuver dressed up as strategic genius. Strategy just announced plans to offload $2.1 billion worth of its so-called ’Perpetual Strife’ preferred stock—because what better way to inspire investor confidence than naming your financial instrument after endless conflict?
Wall Street’s latest paper shuffle proves yet again that ’preferred’ doesn’t mean ’profitable’—just ask the bagholders from WeWork’s glory days. But hey, at least the bankers get their fees.
Fun fact: The only thing perpetual here is Wall Street’s ability to repackage risk and call it innovation. Happy trading, suckers.
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