MicroStrategy raised another $450 million by issuing common stock, still just to pay dividends on preferred shares This move can indeed extend the life of the preferred shares for a few more years. But with these recent maneuvers, the amount of Bitcoin per share keeps dropping, and the stock price will continue to be affected. Meanwhile, the conversion price of the next maturing convertible bond is $183.19, roughly double the current stock price. No matter how you look at it, this feels like drinking poison to quench thirst