#preferred-securities
Pope Leo XIV: “Even today, there are many settings in which the Christian faith is considered absurd, meant for the weak and unintelligent. Settings where other securities are preferred, like technology, money, success, power, or pleasure.”
May 9, 2025 at 9:43 AM
a longer quote from Leo's homily and its impossible to read this as anything but a rebuke of those who denigrate empathy
May 9, 2025 at 2:23 PM
Pope Leo in first homily: “Even today, there are many settings in which the Christian faith is considered absurd, meant for the weak and unintelligent. Settings where other securities are preferred, like technology, money, success, power, or pleasure.” press.vatican.va/content/sala...
May 9, 2025 at 1:50 PM
➤ Michael Saylor detailed Strategy's 'Digital Credit' framework, integrating Bitcoin holdings with debt, cash, and preferred securities (STRC, MSTR) into its capital structure.
September 30, 2026 at 12:31 AM
I have been reading the Washington Post since I was a law student at Georgetown and a young attorney at the Securities and Exchange Commission.

Since then I’ve preferred the @washingtonpost over the @nytimes

In 2024 I canceled my WAPO subscription due to their lack of journalistic integrity.
Why I'm quitting the Washington Post
Democracy can't function without a free press
anntelnaes.substack.com
January 4, 2025 at 12:39 PM
➤ The ETF splits its assets between STRC (Strategy Inc.) and SATA (Strive Inc.) preferred securities, which are designed to provide fixed-income-style returns.
September 30, 2026 at 6:03 AM
➤ The new DCAP ETF offers investors exposure to companies holding Bitcoin on their balance sheets through preferred securities, aiming for yields of 12-13%.
September 30, 2026 at 6:03 AM
Trump Media & Technology Group preliminary prospectus S-3 Registration Statement for primary offering for future sale of up to $12 billion of common stock, preferred, debt securities, warrants, rights, units & Secondary Offering of up to 84,657,181 shares of common stock

www.sec.gov/Archives/edg...
TABLE OF CONTENTS
www.sec.gov
June 5, 2025 at 9:41 PM
Michael Saylor Explains Strategy’s Bitcoin, Debt and Preferred Stock Structure
Sep 29 2026 17:15 UTC
Strategy Executive Chairman Michael Saylor explains how Bitcoin, debt, cash and preferred securities fit into the company’s capital structure, including STRC and its associated risks.
#strc
September 30, 2026 at 12:31 AM
Preferred securities with leverage compounds interest rate risk and company credit risk. If Bitcoin crashes and issuers tighten, preferred holders take losses first.
September 26, 2026 at 3:12 PM
"My preferred market-implied measure of r* is the five-year, five-year-forward rate on U.S. Treasury Inflation-Protected Securities. That's around 2.3 percent, meaning the new real r* would be 1.1 percent when applying new policy pressures."
September 22, 2025 at 4:46 PM
"Settings where other securities are preferred, like technology, money, success, power, or pleasure." Seems he omitted that many people just don't believe in fairytales.
May 9, 2025 at 2:30 PM
Bitcoin is increasingly treated as institutional collateral, enabling new capital markets products like ETFs, bonds, preferred shares, and convertible securities.
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briefly.co
September 29, 2026 at 11:21 PM
Bitcoin is increasingly treated as institutional collateral, enabling new capital markets products like ETFs, bonds, preferred shares, and convertible securities.
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September 29, 2026 at 11:21 PM
Bitcoin is increasingly treated as institutional collateral, enabling new capital markets products like ETFs, bonds, preferred shares, and convertible securities.
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briefly.co
September 29, 2026 at 11:20 PM
‘Preferred stock are far more expensive to service than the convertible, but their payments can be deferred and the securities never mature’

This is (generally) true but (needless to say) treating investors like imbeciles doesn’t usually work out well.
June 8, 2026 at 7:13 AM
The shareholders of VTB approved the conversion of preferred securities of the first and second types into ordinary shares. 6,3 billion shares were placed at a nominal value of 50 rubles a share.

www.kommersant.ru/doc/8589956
Акционеры ВТБ одобрили конвертацию префов в обыкновенные акции
Подробнее на сайте
www.kommersant.ru
April 16, 2026 at 4:37 AM
How Michael Saylor Turned Preferred Stock Into Jet Fuel For Buying Bitcoin
How Michael Saylor Turned Preferred Stock Into Jet Fuel For Buying Bitcoin
Preferred stock used to be for scaredy-cat equity investors. But thanks to an 11.5% dividend and the allure of bitcoin, Michael Saylor has transformed these otherwise boring securities into the hottes...
www.forbes.com
April 28, 2026 at 11:46 AM
I have been reading the Washington Post since I was a law student at Georgetown and a young attorney at the Securities and Exchange Commission.

Since that time I’ve preferred the @washingtonpost over the @nytimes

In 2024 I canceled my WAPO subscription.

anntelnaes.substack.com/p/why-im-qui...
Why I'm quitting the Washington Post
Democracy can't function without a free press
anntelnaes.substack.com
January 4, 2025 at 12:37 PM
Man, Pope Leo’s homily from his first mass is wow.
May 9, 2025 at 5:40 PM
NVIDIA and Softbank are meant to be wiring $30 billion each - has that happened yet? Softbank says they have to raise money to do so - why are outlets reporting that the "$110bn has closed" when it hasn't?

AHHHHHHH
March 24, 2026 at 11:10 PM
Company Moves to Win Shareholder Backing for Daily Preferred Dividends
Company Moves to Win Shareholder Backing for Daily Preferred Dividends
Strategy is asking shareholders to approve a change to the payment schedule for its four preferred “digital credit” securities—moving them from periodic
www.cryptobreaking.com
September 25, 2026 at 5:09 PM
The only other time in the post-GFC era that preferred securities #$PGX ETF has been this low on the weekly rsi(10) was during the pandemic. Seeing some issues of interest down (4+%) today, but also seeing some names green suggesting the sellers are done there.
September 29, 2026 at 5:14 PM
Ault Details $55 Million Preferred Investment in Hyperscale Data Ault & Company says it has invested $55 million directly in Hyperscale Data through...

https://www.narrowit.com/news/ault-hyperscale-55-million-preferred-investment-2026-09-26
#HyperscaleData #GPUS #AultCompany #Schedule13D
Ault Details $55 Million Hyperscale Data Investment | Narrowit.com
Ault says it invested $55 million in Hyperscale Data preferred stock; SEC records explain the securities, conversion assumptions and voting power.
www.narrowit.com
September 27, 2026 at 12:11 AM