Why do Strategy’s preferreds appeal to both young and older investors?
Replied byPhong Lee
President & CEO at Strategy (formerly MicroStrategy)
Niche: Technology, SaaS, AI, Finance, Cryptocurrency
Revenue: $1M+/month
Location: USA
Started: 2020
Different people want different return and risk. If you strap public securities to Bitcoin they tend to perform better. Equity has higher return and volatility. Debt and hybrids have lower return and volatility. Preferreds sit in the middle, so they fit many profiles from Robinhood millennials to retirees who want income.
0
From the Full Interview
This answer is part of a full interview with Phong Lee, President & CEO at Strategy (formerly MicroStrategy).
Share this Answer
Found this insight valuable? Share it with your network to help others learn from Phong Lee's experience.
Cite This Answer
Use this answer in your research, article, or academic work
Related Answers
What challenge are dealership acquisitions solving today?
By Dave Mondragon
Retail
/mo
What inspired you to begin formulating a prebiotic beverage in your kitchen?
By Allison Ellsworth
Retail
Approx. $42 Million/mo
What did you learn from the farmers market feedback loops for early flavor testing?
By Allison Ellsworth
Retail
Approx. $42 Million/mo
What led to the decision to increase the sugar content in your initial formulation?
By Allison Ellsworth
Retail
Approx. $42 Million/mo
Why do you believe that embarrassment is an underexplored emotion for successful entrepreneurs?
By Allison Ellsworth
Retail
Approx. $42 Million/mo
What is a black ops budget, and how do you use it to move at the speed of culture?
By Allison Ellsworth
Retail
Approx. $42 Million/mo
What was the strategic logic behind selling the company to PepsiCo for 1.95 billion USD?
By Allison Ellsworth
Retail
Approx. $42 Million/mo