Saylor Says Retail Owns 80% of Strategy’s High Yield Securities

Retail investors apparently haven’t given up on Michael Saylor’s dream of making Bitcoin the preeminent store of value.

Mom-and-pop buyers have purchased about 80% of the “Stretch” perpetual preferred shares that the Strategy Inc. chairman and co-founder has sought to make the primary funding source of his weekly purchases of the cryptocurrency. That’s after a more than 70% decline in the value of the company’s common shares from an all-time high in late 2024 raised concern about a breakdown of the funding scheme that is dependent on attracting fresh cash.