[IMPORTANT] MicroStrategy to Expand Perpetual Preferred Stock Issuance to Mitigate MSTR Volatility

MicroStrategy plans to issue more perpetual preferred shares to address investor concerns about the volatility of its common stock, which is heavily tied to Bitcoin price fluctuations. The company currently holds over 714,000 BTC but faces unrealized losses due to Bitcoin trading below its average purchase price, causing MSTR shares to trade at a discount to its net asset value. By shifting capital raising from common equity to preferred stock, MicroStrategy aims to reduce shareholder dilution risk but increases fixed dividend obligations, adjusting its financial risk profile.