MicroStrategy's stock price has now dropped to a negative premium, and the strategy of issuing more shares to sell isn't working anymore Under pressure, MicroStrategy also issued around $1 billion in preferred stock, which is essentially high-interest loans with rates over 10%. Currently, MSTR's cash reserves are less than $900 million, only enough to cover six months of interest payments. The upcoming BTC trend is going to look rough. MicroStrategy might as well call it quits early and let BlackRock take the lead instead