STRK
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock
stock NASDAQ Preferred Stock

michael saylor seems to have thrown in the towel.
crypto is depressed. Is saylor buying more? Nope.
Is saylor selling? Yup.
The last two months strategy has not bought a single coin, yet, strategy is selling to pays its preferred dividends.
Right now, I think strategy has four preferred stocks that are all based on the exact same assets, seems like some financing voodoo is going on in my opinion.
He raised capital with those four preferreds but he is now using the cash to pay the preferreds.
strategy has $4,600,000,000 in cash. Strategy has enough cash to pay its dividends, currently.
380,000,000 shares of STRC will be paid $380,000,000 in August
4,600,000,000 - 380,000,000 = $4,220,000,000 On September 1
STRK 14,000,000 shares pays $2.00 dividend every quarter March, June, September, December
STRF 13,000,000 shares pays $2.50 dividend every quarter March, June, September, December
STRD 12,000,000 shares pays $2.50 dividend every quarter March, June, September, December
In september, $62,500,000 paid for STRD and STRF, $28,000,000 paid for STRK, and $380,000,000 paid for STRC for a total of $470,500,000
On October 1 3,369,500,000 cash on hand
On November 1 2,989,500,000 cash on hand
On December 1 2,609,500,000 cash on hand
On Jan 1 2,139,000,000 cash on hand
In five months, MSTR is going to payout over 50% of its cash on hand. Is that sustainable?
By the end of 2027, MSTR will be out of cash.
Either saylor issues more preferreds so he can pay off the existings,(does this sound like a ponzi scheme) or does he sell more bitcoin?
Or does he sell all the bitcoin and just invest in the S&P 500?
Going to be an interesting time for strategy and saylor. He really needs the momo investors to come back to crypto, but they are chasing AI now.

I’m already out of line in that I believe bitcoin to be the scarcity asset answer to continuous printing, so I love STRC, STRK, and SATA.
SATA is $100/share and they pay about $0.05 *daily.*
Having a daily payer is amazing because every trading morning I can fuss about for like 20minutes and reallocate what came from that + whatever other dividends I’ve diversified into, so I’m fairly consistently building my total portfolio with nice DCA and consistent income.
Essentially I just do some SATA every paycheck and either allocate daily or hold if nothing else looks like a good enough deal, just nickel and dime my way along.
Didn’t even see it happening, but one day I looked and had added about a months worth of income to my year.
I will say don’t DCA on something that looks failing. Sometimes dividend paying stocks aren’t all that, but I got better at noticing and think I’m only actually down on one of my positions.