MicroStrategy Executive Chairman Michael Saylor pitched the company’s STRC preferred stock, branded Stretch, during a CNBC appearance.
Saylor described the STRC shares as a passenger jet offering an 11.5% annualized dividend. He contrasted the new shares with the volatile MSTR common equity.
Saylor stated that aggressive digital credit issuance could allow the firm to purchase virtually all Bitcoin produced by miners until 2140. The strategy aims to absorb the entire organic supply from miners.
The stock closed at $165.63 on May 22, 2026. Share prices rose 0.47% during the session. Bitcoin prices stabilized near $77,000. Investors continue to monitor risks associated with the company’s highly leveraged accumulation model.