Strategy convertible preferred stock STRK will be listed on Nasdaq this Thursday

2025-02-06 18:26:51

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ChainCatcher news, according to CoinDesk, Strategy (formerly MicroStrategy) announced during its fourth-quarter earnings call on February 6 that its convertible preferred stock STRK will be listed on Nasdaq this Thursday.

The earnings report showed that the company had a loss of $3.03 per share in the fourth quarter, due to a $1 billion impairment loss resulting from not adopting FASB accounting standards. The company stated that it will begin adopting the new standards this quarter. In the newly established performance metrics, Strategy plans to achieve $10 billion in Bitcoin revenue by 2025, having completed $1.24 billion so far; it also set a Bitcoin yield target of 15%, with the current yield at 2.9%.

In terms of financing, the company has utilized $17 billion of its $21 billion ATM (at-the-market) stock issuance capacity, with its stock issuance accounting for only 2.9% of the cumulative trading volume, with the highest proportion occurring during the week of November 11-15, reaching 7%.

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