MicroStrategy Preferred Stock Jumps in Initial Trades. It Yields 10.75%. - Barron's
1. Insiders purchased new preferred shares of MicroStrategy, indicating confidence. 2. New shares yield 10.75%, rising from $85 to $93 soon after trading. 3. MicroStrategy continues to grow its Bitcoin holdings valued at $45 billion. 4. Critics cite lack of earnings to support dividends, raising risk questions. 5. MicroStrategy's Bitcoin asset coverage surpasses total debt, providing stability.