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Replying to Avatar Jay Pow Pow

Microstrategy preferred stock. Think of it as a perpetual bond of 8% and a perpetual call option. I think the strike price on the perpetual call option is $3k.

So you get 8% as long as MSTR is solvent. And if it goes over $3k you can convert it to real stock.

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2Pac 10mo ago

Explain to me like I’m 5.

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