策略（MSTR）揭示了永久性糾紛優先股（Strf），提供10％的年現金股息

策略（MSTR）週二上午推出了其最新的轉折，以從資本市場籌集資金以資助額外的比特幣（BTC）購買，但有跡象表明華爾街釘在放緩的情況下。

MicroStrategy (MSTR) on Tuesday morning unveiled its latest twist at raising funds from capital markets to fund additional bitcoin (BTC) purchases, but there are indications the Wall Street spigot is slowing.

MicroStrategy（MSTR）在周二上午宣布了其最新的轉折，該轉折從資本市場籌集資金以資助額外的比特幣（BTC）購買，但有跡象表明華爾街尖頂正在放緩。

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

SEC文件顯示，該公司的永久糾紛優先股（STRF）具有固定的年度現金股息10％，每季度支付。如果股息無償，他們每年（季度）以額外的1％（季度）加複合，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) offered 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).

Strateger的最初首選系列（Strk）僅提供8％的利率，而Strategy的一系列可轉換債務產品則具有微不足道甚至0％的利率（當然與首選產品不同）。

Unlike common stock, STRF holders do not have voting rights but have priority in liquidation with a $100 per share liquidation preference. Strategy has 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持有人沒有投票權，但在清算中優先考慮每股100美元的清算偏好。策略有權贖回STRF，如果不到原始股份的25％或發生稅收事件，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, offering investors bitcoin exposure with a high-yield structure. Morgan Stanley, Barclays, Citigroup, and Moelis & Company are joint book-running managers for the offering, conducted under an SEC shelf registration.

預計STRF將在發行後30天內向納斯達克貿易，從而為投資者提供具有高收益結構的比特幣風險。摩根士丹利（Morgan Stanley），巴克萊（Barclays），花旗集團（Citigroup）和摩爾利斯（Moelis＆Company）是在SEC貨架註冊下進行的合作簿經理。

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。