MicroStrategy (MSTR), which recently changed its name to “Strategy,” has launched itsnew convertible preferred stock on the Nasdaq stock

The company announced in its last earnings report a plan to raise $42 billion to buy bitcoin in three years. It’s already spent nearly half of that.

MicroStrategy unveiled its Series A Perpetual Strike Preferred Stock (STRK) with an 8% cumulative dividend. MicroStrategy’s preferred stock offering unlocks a new way to raise