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New framework gives common shareholders a clearer view of net bitcoin exposure after preferred stock and convertible debt obligations www.coindesk.com

For years, investors had valued the firm well above its bitcoin holdings, giving Strategy massive flexibility to raise capital as needed — …

Investors are watching the preferred stock’s ex-dividend date and monthly dividend rate reset closely. www.coindesk.com

The tightening correlation undermines STRC’s appeal as a relatively steadier income vehicle. www.coindesk.com

From a bond buyback and dwindling cash reserves to a bitcoin bear market, the sequence of events that turned STRC’s par-value challenge …

Strategy’s bitcoin-backed preferred stock remains well below par value as concerns over dividend coverage and stronger competition from Strive’s SATA. www.coindesk.com

Strategy’s unloading of bitcoin may have rattled markets, but Citi said the bigger issue for BTC is a missing bid from new …

Michael Saylor’s Strategy has evolved into a far more complex bitcoin-finance machine since it last sold BTC three and half years ago. …

STRC has struggled to maintain its $100 target price, while Strategy’s reduced cash reserves and dividend obligations are drawing increased investor attention. …

Michael Saylor sat down with CoinDesk on selling bitcoin for dividends, retiring debt with STRC proceeds, and why critics who say Strategy …