🚨 BREAKING NEWS: Strategy, Strive face balancing act between bitcoin buying and preferred stock dividends

BitcoinBTC$84 459,46treasury companies like Strategy (MSTR) and Strive (ASST), whose purchases help maintain demand for the largest cryptocurrency, have a tough balancing act, according to Fidelity Digital Assets and analysts who spoke to CoinDesk.

On the one hand, they need cash to fund their purchases. On the other, they need to maintain investor appetite for new sales of the perpetual preferred stock that is their favored fundraising vehicle. As the number of shares in circulation grows, so do the dividend payments.

The securities, which sit betweendebt and common equityin the capital structure with regular payouts and no voting rights, have financed purchases of some 136,000 bitcoin in the 20 months since their introduction, Fidelity research analyst Zack Wainwright wrote in aTuesdayreport. That’s more than 0.5% of the cryptocurrency’s maximum supply.

Strategy, the largest corporate bitcoin holder, is the dominant company in the market. Its preferred shares —it has fivedifferent classes — make it a bellwether for the model’s durability. Its first offering, STRK, debuted in February 2025.

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📰 Nguồn: 🪙 CoinDesk

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