策略（Strg）又增加了71.1亿美元的永久优先选择，以购买更多比特币

该公司正在出售850万股新产品，称为冲（Strf），每股85美元

The final tranche of preferred shares sold by cryptocurrency firm (NYSE:DCRC) is expected to net $711.2 million, which will be used to purchase bitcoin, the company said in a statement on Tuesday.

该公司在周二的一份声明中说，预计加密货币公司（NYSE：DCRC）出售的首选股票的最后一笔预计将净71.112亿美元，该股票将用于购买比特币。

The company is selling 8.5 million shares of the new offering, called Strife (STRF), at $85 each, giving it a net $711.2 million for bitcoin purchases. That's up from an initial target of $500 million. The sale ends later Tuesday.

该公司正在出售850万股新产品，称为冲（STRF），每股85美元，净额为71.112亿美元，用于购买比特币。这是最初的目标5亿美元。销售结束于周二晚些时候。

Strategy's earlier preferred issuance, Strike (STRK), initially raised $563 million.

战略先前的首选发行罢工（Strk）最初筹集了5.63亿美元。

A perpetual preferred stock sits between debt and common equity in the capital structure, typically offering dividends and greater price stability. That makes it appealing to investors seeking lower volatility and more predictable returns. Unlike owners of common stock, holders do not get voting rights.

永久优先股是资本结构中的债务和共同股权之间，通常提供股息和更高的价格稳定性。这使其对寻求较低波动性和更可预测回报的投资者有吸引力。与普通股所有者不同，持有人没有获得投票权。

STRF pays a 10% annual dividend on a $100 stated amount, with payments made quarterly in cash. If Strategy misses a dividend, the amount compounds at an additional 1% a year each up to a maximum 18% dividend rate, creating an incentive for timely payments.

STRF以100美元的规定金额支付10％的年度股息，每季度以现金付款。如果策略错过了股息，则该金额每年增加1％，最高为18％的股息利率，从而激励及时付款。

Strategy may redeem all STRF shares if fewer than 25% of the original issuance remains or under certain tax events, in which case shareholders would receive the liquidation preference plus any unpaid dividends. Additionally, in the event of a “fundamental change,” holders can force the company to repurchase their shares at the stated amount plus any accrued dividends.

策略可以赎回所有STRF股份，如果剩下的原始发行量不到25％或在某些税收事件下，在这种情况下，股东将获得清算优先股以及任何未付股息。此外，如果发生“基本变更”，持有人可以迫使该公司以规定的金额以及任何应计股息回购其股票。

Lower dividends from STRK

从Strk降低股息

In contrast, STRK offers an 8% annual dividend based on its $100 liquidation preference, though the effective yield declines as STRK’s price rises. Unlike STRF, STRK includes a conversion feature, allowing holders to swap their preferred shares into common stock at a 10:1 ratio if the common share price reaches $1,000, offering equity upside. That means the new issue functions even more as a fixed-income security, making it the less volatile of the two.

相比之下，Strk根据其100美元的清算偏好提供了8％的年度股息，尽管随着Strk的价格上涨的有效收益率下降。与Strf不同，Strk包括转换功能，允许持有人以10：1的比率将其首选股票交换为普通股，如果普通股价格达到1,000美元，提供了股票上涨空间。这意味着新问题的功能更加作为固定收益安全性，使其在两者中的波动较小。

While STRK may appeal to investors looking for a blend of yield and potential capital appreciation, STRF is clearly aimed at those prioritizing income and capital stability. To support these dividend payments, Strategy will rely on a combination of operational cash flow, proceeds from convertible debt offerings and at-the-market (ATM) share sales on the common stock.

尽管Strk可能会吸引寻求收益率和潜在资本增值融合的投资者，但Strf显然是针对那些优先考虑收入和资本稳定的人。为了支持这些股息付款，策略将依靠运营现金流的结合，可转换债务产品和市场上的股票（ATM）股票销售额的收益。

Strategy also has an open ATM program in place for STRK, recently purchasing 130 BTC, and has about $3.57 billion remaining on its ATM capacity through the common stock, giving it significant flexibility to fund dividend commitments while continuing to pursue its bitcoin accumulation strategy.

策略还针对Strk制定了开放的ATM计划，最近购买了130 BTC，并且通过普通股剩余的ATM容量剩余约35.7亿美元，在继续追求其比特币积累策略的同时，具有很大的灵活性来资助股息承诺。

The company's shares rose more than 10% on Monday, by which point it held 506,137 BTC.

该公司的股票在周一上涨了10％以上，到了506,137 BTC。