MicroStrategy（MSTR）推出了比特幣資助策略的新扭曲

根據美國證券交易委員會（SEC）的文件，該公司的永久糾紛優先股（STRF）提供了固定的年度現金股息10％，每季度支付。

U.S. tech firm Strategy (NASDAQ:MSTR) is planning to sell perpetual preferred stock with a 10% dividend yield to raise funds for further bitcoin purchases, the company disclosed in a filing on Tuesday.

該公司在周二的一份文件中透露，美國科技公司戰略（NASDAQ：MSTR）計劃以10％的股息收益率出售永久優先股，以籌集資金以進行進一步的比特幣購買。

The company's Perpetual Strife Preferred Stock (STRF) will offer a fixed 10% annual cash dividend, paid quarterly, according to the filing. If dividends are unpaid, they will compound at an additional 1% per year (quarterly), up to a maximum of 18%. The first dividend payment is scheduled for June 30, 2025.

該公司的文件顯示，該公司永恆的糾紛優先股（Strf）將提供固定的年度現金股息10％，每季度支付。如果股息無償，他們將以每年（季度）額外1％（季度）額外增值，最高為18％。第一次股息付款定於2025年6月30日。

Strategy's initial preferred series (STRK) had only an 8% interest rate. And Strategy's series of convertible debt offerings came with negligible or even 0% interest rates (different product than preferred, of course).

策略的最初首選系列（Strk）的利率僅為8％。策略的一系列可轉換債務提供的是可忽略不計甚至0％的利率（當然，產品不同）。

Unlike common stock, STRF holders will not have voting rights but will have priority in liquidation with a $100 per share liquidation preference. Strategy will have the right to redeem STRF if fewer than 25% of the original shares remain or if tax events occur, while holders can demand a buyback in case of a fundamental change.

與普通股不同，Strf持有人將沒有投票權，但將優先清算，每股清算偏好100美元。如果不到原始股份的25％或發生稅收事件，策略將有權兌換STRF，而持有人可以在基本變化的情況下要求回購。

STRF is expected to trade on Nasdaq within 30 days of issuance, providing investors with bitcoin exposure in a high-yield structure.

預計STRF將在發行後30天內向納斯達克交易，從而為投資者提供高收益結構的比特幣風險。

Morgan Stanley, Barclays, Citigroup, and Moelis & Company are joint book-running managers for the offering, which is being conducted pursuant to an SEC shelf registration.

摩根士丹利（Morgan Stanley），巴克萊（Barclays），花旗集團（Citigroup）和穆利斯（Moelis＆Company）是該產品的聯合書籍經理，這是根據SEC貨架註冊進行的。

After buying bitcoin at a galloping pace over the past several months, Strategy's fundraising and token acquisitions have slowed to a crawl in recent weeks. The company last week did make additional bitcoin purchases, but they were hardly needle-moving — just 130 BTC for $10.7 million to bring total holdings to 499,226 tokens.

在過去的幾個月中，在過去幾個月以疾馳的速度購買比特幣之後，策略的籌款和代幣收購在最近幾週內逐漸減慢。該公司上週確實進行了額外的比特幣購買，但它們幾乎沒有針刺 - 僅130 btc，以1070萬美元的價格將總持股量提高到499,226代幣。

MSTR is lower by 5% in early action Tuesday alongside a slide in markets in general and bitcoin's dip to $81,300 from $84,000 a day ago.

在周二的早期行動中，MSTR的速度降低了5％，總體上的市場滑坡，比特幣的下跌至每天的84,000美元，至81,300美元。