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Strategy Dumps $2.1B in ’Perpetual Strife’ Preferred Stock—Because What Could Go Wrong?
Strategy Dumps $2.1B in ’Perpetual Strife’ Preferred Stock—Because What Could Go Wrong?
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Another day, another liquidity grab—this time with a side of poetic irony. Strategy just greenlit a $2.1B fire sale of its so-called ’Perpetual Strife’ preferred stock. Because nothing says ’stable investment’ like branding your offering after endless conflict.
Wall Street’s alchemy at work: turning shareholder patience into exit liquidity. The preferred stock playbook? Dust it off, slap on a dystopian moniker, and hope no one reads the fine print.
Bonus cynicism: If the name doesn’t tip you off, the 8-K filing will—somewhere between ’risk factors’ and ’forward-looking statements.’ Pro tip: when bankers say ’perpetual,’ grab your stopwatch.
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