Bitcoin Treasury Company's Strategy financial restructuring, perpetual preferred stock scale reaches a new high

2026-01-21 14:48:09

【ChainWen】Bitcoin Treasury Company Strategy recently announced an important financial change: the company’s perpetual preferred stock has surpassed the size of convertible bonds. This adjustment reflects a new strategy in the company’s financing structure. Perpetual preferred stock differs significantly from convertible bonds in terms of risk and return characteristics, and this shift may indicate a strategic adjustment in Strategy’s capital allocation. For investors interested in Bitcoin ecosystem financing trends and corporate governance, such changes in financial structure often signal subtle shifts in the company’s development direction and warrant close attention.

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MemeEchoer

· 3h ago

Perpetual preferred stocks have surpassed convertible bonds? Basically, Strategy is changing its taste, trying to reduce debt pressure. This move works well in a bull market, but if the market turns sour, it could be risky.

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BearMarketBuilder

· 3h ago

Perpetual preferred stocks surpass bonds? Strategy is paving the way for large-scale financing, it seems there will be major moves ahead.

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FreeRider

· 3h ago

Perpetual preferred stocks surpass convertible bonds? Is this move aimed at locking in long-term funds or paving the way for a major action? This strategic move is interesting; behind the adjustment of the financing structure, we need to consider whether it's due to a lack of funds or new plans. Honestly, the financing ideas in the Bitcoin ecosystem are increasing, I don't quite understand them but I feel there's a lot of complexity. It's again "worth paying attention to," and I just want to ask whether this thing is really good for us token holders or a trap. Perpetual preferred stocks sound like betting on the company's future; is the strategy really optimistic about itself or just a way to get something for nothing?

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CoffeeOnChain

· 3h ago

Perpetual preferred stocks outperform bonds? Strategy is aiming for a stable approach, but the real considerations behind it are hard to say. It feels a bit subtle.

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GateUser-7b078580

· 3h ago

Data shows that the financing structure is changing its approach again, but we have seen this "subtle shift" before... We said the same thing at historic lows.

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