What to know:
- Hold onto your hats, folks! Strategy’s shiny new convertible preferred stock, Strike (STRK), is making its grand debut on Nasdaq today! 🎉
- They’ve set some rather ambitious performance targets, including a jaw-dropping $10 billion bitcoin gain by 2025. I mean, who doesn’t want a little extra cash in their pocket? 💰
- Oh, and let’s not forget the $1 billion impairment loss for ignoring those pesky FASB rules. Oopsie daisy! 😬
So, here’s the scoop: Strategy (MSTR), formerly known as MicroStrategy (because who doesn’t love a good rebranding?), is all set to list its convertible preferred stock, Strike (STRK), on Nasdaq this Thursday. They spilled the beans in their earnings presentation, and boy, was it a doozy!
In a thrilling twist, Strategy revealed some new performance metrics after the market closed on Wednesday. They reported a loss of $3.03 per share. Not exactly a winning lottery ticket, eh? And guess what? They decided to ignore the Financial Stability Accounting Board (FASB) rules, which would have saved them a cool $1 billion. But don’t worry, they promise to adopt those rules this quarter. Better late than never, right? 🙄
Among the new key performance indicators is a rather ambitious 2025 bitcoin (BTC) gain of $10 billion. So far this year, they’ve managed to scrape together $1.24 billion. Not too shabby! And let’s not forget the bitcoin yield of 15%; currently, they’re sitting at a modest 2.9%. Keep reaching for the stars, Strategy! 🌟
Now, here’s a fun fact: Strategy has already burned through about $17 billion of their $21 billion at-the-market (ATM) equity program. In their earnings presentation, they cheekily mentioned that their share sales accounted for just 2.9% of the total cumulative trading volume. But wait, there’s more! From Nov. 11-15, they hit a whopping 7% of total trade volume for the week. Talk about a busy week at the office! 📈
And just when you thought it couldn’t get any better, shares of the company were recently up 1.3% in pre-market trading. Hooray for small victories! 🎊
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2025-02-06 13:32