Strategy Inc (MSTR) stock slips as CEO pitches ‘Stretch’ preferred shares for Bitcoin funding
Strategy Inc shares fell 0.8% to $125.06 after CEO Phong Le said the company will shift funding from common equity to perpetual preferred shares. The firm recently bought 1,142 bitcoins for $90 million, bringing holdings to 714,644 coins. The next Stretch dividend record date is Feb. 15. Bitcoin rose about 1% to $67,099.