STRC Preferred Drags Strategy Holders Into Costly Backstop
A $1.5B debt repayment has hollowed out Strategy's reserve just as preferred dividends climb, forcing common shareholders to absorb the burden the paper was supposed to carry.
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A $1.5B debt repayment has hollowed out Strategy's reserve just as preferred dividends climb, forcing common shareholders to absorb the burden the paper was supposed to carry.
The size of the grant, roughly 5% of outstanding shares for two executives at a loss-making miner, lands as the more controversial figure than the dollar number alone.