Saylor's Strategy, and the trouble with Strife
Saylor's latest scheme's name, may say it all! It's called Series A Perpetual Strife Preferred Stock!
As Alphaville says,
"Strife"? "Perpetual Strife"? Matt Levine at Bloomberg had initially suspected a typo when he read it, but 23 references in the document suggest not. Maybe it's an inside joke — the kind of thing that sounds clever at 5am at an after-party. Or perhaps it's an unwittingly honest nod to the drama surrounding the company's relentless bitcoin accumulation.
For one, it's not your typical (Micro)Strategy dilutive equity issuance; unlike the perpetual strike preferred securities ( $STRK ), it is not convertible into common stock.
So it's just strife for you!
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