MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock

MicroStrategy Inc. Preferred Stock 10% Perpetual is a fixed-income equity security issued by MicroStrategy Inc., functioning as Series A Perpetual Stride Preferred Stock. Its primary purpose is to provide holders with the potential for income through non-cumulative cash dividends, which are set at a rate of 10% per annum on the stated amount, subject to declaration by the company’s board. Dividends, if declared, are payable quarterly in arrears. The security carries a $100 initial liquidation preference per share, granting holders priority in payout over common shareholders in the event of company liquidation, with adjustments based on recent trading prices and averages to reflect prevailing market conditions. There is no maturity date, making it perpetual, and it does not accumulate unpaid dividends. MicroStrategy Inc. utilizes proceeds from this preferred stock to support general corporate initiatives, notably including the acquisition of Bitcoin as part of its treasury strategy. This issuance expands the company’s financial flexibility and provides investors with a structured instrument for potential yield within its capital framework. The preferred stock serves a significant role, enhancing MicroStrategy’s capacity to manage capital and diversify funding beyond conventional equity and debt instruments, all while maintaining a focus on digital asset accumulation and enterprise analytics leadership.