CEO Phong Le Expands Perpetual Preferred Offering as Stock Slides 73%
Strategy CEO Phong Le said the firm is boosting its Stretch perpetual preferred stock offering as a way to attract fresh capital while common shares trade sharply lower — down roughly 73% from their November peak. Management positioned the expansion as a funding alternative designed to preserve liquidity without issuing more common equity, but the timing highlights investor concern as crypto markets remain choppy.
The announcement matters because it signals how companies exposed to Bitcoin volatility are adapting financing strategies: perpetual preferreds can offer steadier capital but change the company’s capital structure and investor returns. Market participants should watch the terms of the new issuance and any follow-up commentary from Strategy, since additional funding steps could affect both equity holders and the firm’s crypto exposure as BTC continues to swing.