Michael Saylor Explains Why Strategy’s STRC Preferred Stock Is the Firm’s ‘iPhone Moment’ | NYGazet

Michael Saylor calls STRC, Strategy’s new Bitcoin-backed preferred stock, the firm’s “iPhone moment,” as it raises $2.5B and launches a $4.2B ATM program.

Strategy (MSTR) , the bitcoin-focused corporate entity formerly known as MicroStrategy, launched its Perpetual Stretch Preferred Stock (STRC) late last month — an offering Executive Chairman Michael Saylor has described as the company’s “iPhone momen... [5707 chars]