The convertible preferred shares of Strategy, formerly known as MicroStrategy, have performed remarkably, rising by 16% since their issuance in February 2025, outperforming Bitcoin's rise of 10% and the S&P 500's decline of 2% during the same period. The company is using the funds it recently raised, totaling $59.7 million, to increase its investments in Bitcoin, as it now holds over 576,230 Bitcoin with a weighted average cost of capital of 16.3%. These shares provide an actual yield of 8.1%, with a low correlation to the company's common stock, giving investors greater diversification and flexibility in the market.
