Blue Coin Capital CIO: MSTR’S BTC Buying Engine is About to IGNITE | Mike Treidl

Bitcoin treasury firms switch to perpetual preferred equity. Mike Treidl explains how preferreds prevent default and create a second BTC-buying engine. Bitcoin treasury companies have moved from convertible bonds to perpetual preferred equity, and Mike Treidl explains why. He breaks down how preferreds let issuers like Strategy defer payments without defaulting, and why preferreds returning to par could give Strategy a second engine for buying Bitcoin. He also explains how sats per share and leverage without margin calls add value beyond holding Bitcoin directly.

Source: Bitcoin Magazine