Odaily Planet Daily News Strategy (formerly MicroStrategy) launched a perpetual convertible preferred stock STRK, which has risen 16% since its issuance on February 10, 2025, outperforming Bitcoin, which rose 10% during the same period, and the S&P 500, which fell 2%. The company raised $59.7 million in the latest round through its weekly on-site issuance (ATM) program, setting a record for the highest weekly amount since the program was launched, and the proceeds were used to further increase its holdings of Bitcoin. Currently, the total amount of Bitcoin held by Strategy has reached 576,230, with an annualized yield of 16.3%. STRK currently has an effective yield of 8.1% and has a low correlation with Strategy's common stock (MSTR), providing investors with differentiated market exposure. (CoinDesk)