[Strategy CEO: The company will issue more perpetual preferred shares to ease investor concerns about stock price volatility] According to Bloomberg, Strategy CEO Phong Le stated in an interview that the company will issue more perpetual preferred shares to address investor concerns about the sharp fluctuations in its stock price. Le explained that by issuing perpetual preferred shares (product name: 'Stretch'), the company provides investors with a tool that 'offers exposure to digital capital while mitigating volatility risks.' The dividend rate for this product resets monthly, currently at 11.25%, aiming to keep its trading price stable around the $100 par value. So far, preferred shares account for a small portion of Strategy's financing. The company has sold approximately $370 million in common stock and $7 million in perpetual preferred shares to fund its Bitcoin purchases over the past three weeks. Le's remarks align with previous public statements made by Executive Chairman Michael Saylor. On Tuesday, Saylor told CNBC that concerns about Bitcoin's decline forcing the company to sell its holdings are 'unfounded' and reiterated the company's plan to 'continue purchasing Bitcoin every quarter.'