MicroStrategy executives snap up newly issued preferred shares, earning nearly 12% annually

according to Barron's, three MicroStrategy executives recently subscribed to the company's new preferred stock issuance at a price of $85, with an annual yield of approximately 11.75%, much higher than the existing convertible preferred stock STRK at 9.2%. The issuance raised a total of $711 million, with the new stock code being STRF and non-convertible to common stock. It is worth noting that since 2022, company executives have not increased their holdings of common stock.