MicroStrategy Preferred Stock Had to Be Sold At a Discount. What It Yields Now. - Barron's
1. MicroStrategy issued $584 million in convertible preferred stock at $80 per share. 2. The deal was priced below the anticipated $100 to attract investors. 3. The preferred shares offer a 10% yield but raise concerns over tax treatment. 4. MicroStrategy's substantial Bitcoin assets back the preferred stock offering. 5. Investors await confirmation on the 2025 dividend's tax implications.