Non-convertible Preferred Stock
Preferred stock without conversion rights, focusing on fixed dividends and seniority.
What is Non-convertible Preferred Stock?
Non-convertible preferred stock provides fixed dividends without equity conversion, prioritizing income stability over growth potential. Strategy’s STRF, with 10% cash dividends and $711 million outstanding, fits this, offering higher yields but no upside from Bitcoin rallies.
Preferred for accreting BTC per common share, it incurs less dilution than equity issuances.
Related Terms
HTTP 402 Payment / x402 Protocol
A standardized HTTP response code and protocol for requesting and processing digital asset payments.
CBDC
A central bank-issued digital currency designed to function as legal tender.
Arbitrage
The practice of buying a digital asset on one exchange and selling it on another to profit from price differences.
AMM (Automated Market Maker)
A protocol that uses liquidity pools and algorithms to facilitate decentralized trading of digital assets.
Automated Agent
Software that autonomously performs tasks, including digital asset transactions.
Bitcoin (BTC)
The first and most valuable decentralized digital currency, created by Satoshi Nakamoto in 2009.