Michael Saylor, co-founder of MicroStrategy, stated that the company’s new perpetual preferred stock will provide investors with unique exposure to Bitcoin returns and volatility. The structure of the preferred stocks includes fixed dividends without a maturity date.
MicroStrategy’s ongoing strategy includes the acquisition of more BTC, aligning with market behaviors. The company’s stock target stands at 650 USD according to Benchmark, reflecting confidence in its innovative approach in the crypto space.