Research firm K33 warns that Strategy’s reliance on preferred stock financing could lead the company to accumulate less $BTC over the long term.
K33’s analysis suggests that, compared with issuing preferred stock, Strategy would be better positioned to accumulate bitcoin over the long term by issuing additional common shares instead. The choice of financing instrument directly affects the efficiency of holdings for “bitcoin treasury” companies.
This view also echoes recent market discussions about the dilutive effects of equity issuance by treasury companies, with investors paying closer attention to the actual amount of bitcoin represented by each share.
(Source: TheBlock)
#比特币 #BTC #Strategy
⚠️Risk warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.
K33’s analysis suggests that, compared with issuing preferred stock, Strategy would be better positioned to accumulate bitcoin over the long term by issuing additional common shares instead. The choice of financing instrument directly affects the efficiency of holdings for “bitcoin treasury” companies.
This view also echoes recent market discussions about the dilutive effects of equity issuance by treasury companies, with investors paying closer attention to the actual amount of bitcoin represented by each share.
(Source: TheBlock)
#比特币 #BTC #Strategy
⚠️Risk warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.