MicroStrategy executives snap up newly issued preferred shares, with annual returns of nearly 12%

According to Barron's Weekly, three executives from MicroStrategy recently subscribed to the company's newly issued preferred stock at a price of $85, with an annual yield of approximately 11.75%, far higher than the 9.2% of the company's existing convertible preferred stock STRK. This issuance raised a total of 711 million US dollars and the new stock code is STRF, which cannot be converted into common stock. It is worth noting that since 2022, the company's executives have not increased their holdings of common stocks.