Strategy share count issued 186 million shares and $15 billion preferred, Andy Constan notes

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Strategy share count issued 186 million shares and $15 billion preferred, Andy Constan notes — Strategy buyers face losses on new shares

Andy Constan, founder / strategist at Damped Spring Macro, highlights that over the last 2.5 years, Strategy has more than doubled its share count, issuing 186 million shares and $15 billion of preferred stock.

Constan points out that every share and preferred share sold is currently underwater, meaning buyers have experienced losses on all purchases during this period.

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Constan previously noted challenges for investors holding long positions in BTC and MSTR as market conditions led to steep losses, questioning standard risk metrics in these trades (article). He has also observed that debates about equity raises for major firms like Goog often overlook the ongoing issuance of shares to employees over multiple years (article). These observations reflect his continued focus on the impact of share issuance and investor performance.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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