Strategy Aims For More Bitcoin With ‘Strife’ Stock: How Does It Work?
Strategy (NASDAQ:MSTR), the company formerly known as MicroStrategy, has introduced a new financial instrument with a striking name and unconventional structure: the “Series A Perpetual Strife Preferred Stock.”
What Happened: This latest issuance is part of the firm’s ongoing efforts to fund its aggressive Bitcoin (CRYPTO: BTC) accumulation strategy, and it arrives with terms that diverge sharply from conventional fixed-income products, according to the Financial Times.
While the name “Strife” might sound like a typo, the term appears repeatedly in regulatory documents — a deliberate branding choice that may nod to the volatility and tension often associated with Strategy’s Bitcoin-centric approach.
Unlike earlier instruments such as its STRK preferred shares, which allowed conversion into equity, this new offering does not include conversion rights.
Instead, it pays a fixed 10% annual …
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