MicroStrategy executives rush to buy newly issued preferred shares, with an annual return of nearly 12%

According to Barron's, three executives of MicroStrategy recently subscribed to the company's newly issued preferred shares at an issue price of $85, with an annual yield of about 11.75%, much higher than the existing convertible preferred stock STRK's 9.2%. The issuance raised a total of $711 million, and the new stock code is STRF, which cannot be converted into common shares. It is worth noting that since 2022, company executives have not increased their holdings in common shares.