TechFlow news, according to CoinDesk, Strategy (formerly MicroStrategy) announced during its fourth-quarter earnings call on February 6 that its convertible preferred stock STRK will list on Nasdaq this Thursday.
The financial report showed a loss of $3.03 per share in the fourth quarter due to a $1 billion impairment loss caused by not adopting FASB accounting standards. The company stated it will begin applying the new standards this quarter. Under newly established performance metrics, Strategy aims to achieve $10 billion in Bitcoin-related revenue by 2025, having already reached $1.24 billion; it has also set a target Bitcoin yield rate of 15%, currently at 2.9%.
In terms of financing, the company has used $17 billion of its $21 billion ATM (at-the-market) stock offering capacity, with its stock issuance amounting to only 2.9% of total trading volume year-to-date. The week of November 11–15 saw the highest weekly proportion at 7%.
Previous report, MicroStrategy announced pricing for its 8.00% Series A perpetual preferred stock (STRK). The company plans to issue 7.3 million shares of perpetual preferred stock at a public offering price of $80.00 per share, expecting net proceeds of approximately $563.4 million.
