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Strategy Sees Thursday Nasdaq Listing for STRK Convertible Preferred Stock

Strategy Sees Thursday Nasdaq Listing for STRK Convertible Preferred Stock
MicroStrategy, now known as Strategy, announced that it expects its convertible preferred stock, Strike, to be listed on Nasdaq on Thursday. The company reported a loss of $3.03 per share in its fourth-quarter earnings, but stated that it did not adopt Financial Stability Accounting Board (FASB) rules, which would have avoided a $1 billion impairment loss. Strategy introduced new performance metrics, including a 2025 bitcoin gain target of $10 billion, of which $1.24 billion has been achieved so far this year. The company has used approximately $17 billion out of its $21 billion equity program. The company's shares were up 1.3% in pre-market trading.

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