Michael Saylor: MicroStrategy to Issue Preferred Stock to Provide Investors with Bitcoin Leverage Investment

BlockBeats News, January 16th, MicroStrategy's co-founder Michael Saylor recently stated at the Benchmark investor conference in Orlando that the company's potential issuance of perpetual preferred stock would be "the latest tool for investors to leverage Bitcoin investment." He noted that the company's goal is to offer investors "a return and volatility equivalent to 1.5 times that of Bitcoin."

Saylor also mentioned that the controversial Statement of Accounting Bulletin 121 (SAB 121) may be repealed in the first week of the Trump administration. (The Block)