Thus, for it to be profitable to convert the shares, the common stock would need to be trading ten times higher than the preferred. Based on the $90 price, Strategy shares would need to trade at $ ...

The value generated from the formula for this per-share evaluation ... Book value per common share is calculated as follows: Note that preferred stock is not included in the BVPS calculation.

Michael Saylor’s Strategy moves to sell $21 billion in preferred stock, fueling its Bitcoin accumulation efforts.

But if you're an income investor and you don't already have them on your radar, you'll want to give preferreds a look – focusing specifically on preferred stock ... around par value, or their ...