Daily Scoop🍨: Strategy (MSTR) Preferred Stock STRK Better For Hedging
$MICROSTRATEGY 8.00% SERIES A PERPETUAL STRIKE PFD(STRK)$
$Strategy(MSTR)$Strike (STRK), the preferred stock issued by bitcoin buyer Strategy (MSTR) has been listed for just over a month and is currently 3% higher than at its Feb. 5 introduction. Strategy's common stock, on the other hand, is 20% lower over the same period.
Preferred stock like STRK can be thought of as a hybrid of equity and debt. Holders have a greater right to dividend payments than common stock owners if the company makes them and also to the company's assets in the event of a liquidation. STRK is a perpetual issue, which lacks a maturity date (like equity) and pays a fixed dividend (like debt).
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