Strategy’s Preferred Stocks Surge Amid Anticipation of S&P 500 Inclusion
Key Points on Strategy (MSTR) and Market Movements
- MSTR's perpetual preferred shares are gaining traction due to potential inclusion in the S&P 500 index.
- Bitcoin reached a record-high monthly close of $107,750, positively impacting MSTR's quarterly earnings by about $11 billion.
- MSTR stock rose 5% to over $400, while preferred shares STRK increased by 15%, STRF by 7.5%, and STRD by 3%.
- STRK offers a yield of 6.6% with a 42% return since its launch, outperforming bitcoin and the S&P 500.
- STRF has an effective yield of 8.8% and STRD at 11.1%.
- Market movements could indicate anticipation of MSTR's S&P 500 inclusion.