Saylor’s Bitcoin Gamble: Raising the Stakes on Preferred Shares!

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Well, friends, gather ’round and let me spin you a yarn about Michael Saylor, the man who’s betting his hat (and a few billion dollars) on Bitcoin. You see, he’s the captain of Strategy, a ship that sails on Bitcoin’s wild waters, and he’s now cranking up the yield on preferred shares like a steamboat pilot on a caffeine bender. 🚢☕

Bloomberg, that trusty old news scribe, dropped a report saying Saylor’s got his eye on the prize-raising the yield on those preferred shares to 10.5%, a tidy increase of 25 basis points. It’s like telling your bartender, “Pour another round, but make it rain.” 💸

Investor Confidence Dips (Like a Hat in a Rainstorm)

Now, during a recent earnings call, Saylor declared the company’s at a “critical juncture,” which is just a fancy way of saying, “We’re dancing on a tightrope while juggling chainsaws.” He noted the net asset value multiple is shrinking as Bitcoin matures-like a once-sprightly pup now napping by the fire. 🐕🔥

Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) is now yielding 10.5% starting November. That’s not just a number-it’s a dare. And in the same quarter, they reported a $2.8 billion net income, mostly from Bitcoin gains. But let’s be honest, folks, that’s just the market playing cards with your money. 🃏

Bitcoin hit record highs, and other companies are copying Saylor’s playbook, but investor confidence? It’s floundering like a cat in a canoe. MSTR shares have plunged 45% since November 2023, and the preferred shares? Well, they’re about as popular as a flat tire at a parade. 🎉

So, what’s Saylor do? He’s eyeing international markets and ETFs backed by those preferred shares. CEO Phong Le, bless his socks, said they’re exploring new horizons. But let’s face it-this feels like a gambler begging for one last roll of the dice. 🎲

Saylor Open To Strategy Equity Sales (Because Why Not?)

Back in the day, Strategy promised not to flood the market with shares unless it had to cover debt or dividends. But Saylor’s now saying, “When the premium’s right, why not?” It’s like a prospector shouting, “Gold! Gold!” while throwing pickaxes at the crowd. ⛏️

Gus Gala, an analyst with Monness Crespi Hardt & Co., warned about dilution. Translation: “You’ll own less, but hey, maybe the stock will shoot the moon!” In the latest report, Strategy claimed they didn’t issue shares this month. Sounds like a politician’s promise at a pie-eating contest. 🥧

New accounting rules now require them to value Bitcoin in earnings reports. That’s caused some wild swings-$340 million loss last year, then a $2.8 billion gain this go-round. It’s like trying to balance a teacup on a rocking horse. 🐴🍵

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2025-11-01 10:14