According to Bloomberg, Strategy CEO Phong Le stated in an interview that the company will issue more perpetual preferred shares to alleviate investors' concerns about its stock price volatility. Le said that the company offers investors a tool called “Stretch” (product name) that provides “exposure to digital capital while avoiding volatility risks.” The product’s dividend rate is reset monthly, currently at 11.25%, aiming to keep its trading price stable near a $100 face value. So far, preferred shares have accounted for a small portion of Strategy’s financing. The company has sold approximately $370 million in common stock and $7 million in perpetual preferred shares to fund its Bitcoin purchases over the past three weeks.