Bitcoin24h $90,177.02-0.60%

Ethereum24h $3,074.77-3.78%

XRP24h $2.01+0.27%

BNB24h $877.79+0.33%

Solana24h $132.35-1.17%

TRON24h $0.2751-1.77%

Dogecoin24h $0.1363-1.30%

Cardano24h $0.4119-0.52%

Bitcoin Cash24h $580.49+3.30%

Hyperliquid24h $28.98+2.37%

The looming tax bill of Strategy preferreds

Due to Return Of Capital (ROC) status, there is a looming tax bill for long-term holders of Strategy preferred shares.

How Jim Chanos outplayed Michael Saylor: short MSTR, long BTC

Jim Chanos doubled his money shorting MSTR from its exuberant peak in November 2024. He also profited from BTC’s rally.

Several people have cheered on the FCKD joke, encouraging Saylor to issue a preferred stock with the ticker symbol STRU.

Strategy has to pay $689M to not sell any of its BTC, and those costs have increased every quarter since 2021.

Strategy founder Michael Saylor repeatedly promised a roll-out of STRC counterparts but instead he launched STRE.