Strategy Inc. (MSTR) introduces variable-rate preferred stock with 9% initial dividend. Offering price is $90 per share, expecting $2.5 billion in net proceeds. Rate will be adjusted to keep share price around $100. Analyst warns of risks due to Bitcoin’s volatility and issuer’s ability to issue more debt and preferred shares.

Read more at Yahoo Finance: MSTR Introduces New Preferred Stock With Initial 9% Dividend