Michael Saylor: Approximately 80% of Strategy Perpetual Preferred Stock (STRC) is held by retail investors.

CoinFeed reported on March 27th, citing Bloomberg, that Strategy founder Michael Saylor stated that approximately 80% of the company's perpetual preferred stock, "Stretch" (STRC), is held by retail investors. This product pays monthly dividends and currently offers an annualized yield of 11.5%, positioning itself as a high-yield savings account. Strategy has purchased nearly $3 billion worth of Bitcoin through Stretch this year and announced a $42 billion funding plan, with Stretch contributing $21 billion. Saylor stated that Stretch aims to provide low-volatility, high-yield digital credit products, designed to trade around a face value of $100, with the dividend rate adjusted monthly based on market conditions. Compared to common stock, preferred stock offers less potential for capital appreciation but provides more stable returns.