{"id":38178,"date":"2026-04-18T21:49:40","date_gmt":"2026-04-18T21:49:40","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=38178"},"modified":"2026-04-18T17:49:46","modified_gmt":"2026-04-18T21:49:46","slug":"346823000-shares-on-780897","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/346823000-shares-on-780897\/","title":{"rendered":"346,823,000 Shares On 780,897"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"ltr\">\n<div dir=\"ltr\">\u2022 &nbsp;<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\"><img decoding=\"async\" alt=\"image0.jpeg\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2026\/04\/image0-4.jpeg\">The post calculates that issuing ~7.36 million MSTR shares (2.12% dilution) would cover Strategy\u2019s full $1.237B annual dividend obligation on preferred stock at a $168 share price.<\/div>\n<div dir=\"ltr\">\u2022 &nbsp;<img decoding=\"async\" alt=\"image1.jpeg\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2026\/04\/image1-7.jpeg\">It frames the STRC preferred stock mechanism as efficient: STRC holders receive 11.5% yield while funding large-scale Bitcoin acquisitions that increase sats per MSTR share for common holders.<\/div>\n<div dir=\"ltr\">\u2022 &nbsp;<\/div>\n<div dir=\"ltr\">Livingston argues this low dilution amplifies Bitcoin exposure for MSTR shareholders, positioning the strategy to make the company the world\u2019s most valuable and leaving critics \u201ccooked.\u201c\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b<\/div>\n<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\"><a href=\"https:\/\/x.com\/adambliv\/status\/2045161466559611381?s=43&amp;t=zXw0VnDUU9g9Ec306BxNPw\">https:\/\/x.com\/adambliv\/status\/2045161466559611381?s=43&amp;t=zXw0VnDUU9g9Ec306BxNPw<\/a><\/div>\n<p><br id=\"lineBreakAtBeginningOfSignature\"><\/p>\n<div dir=\"ltr\">\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0);\">WordPress\u2019d from my personal iPhone,&nbsp;<a href=\"tel:650-283-8008\" dir=\"ltr\" x-apple-data-detectors=\"true\" x-apple-data-detectors-type=\"telephone\" x-apple-data-detectors-result=\"1\">650-283-8008<\/a>, number that&nbsp;Steve Jobs texted me on<\/span><\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0);\"><br \/><\/span><\/div>\n<div dir=\"ltr\">\n<div><font color=\"#000000\"><span style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0);\">https:\/\/www.YouTube.com\/watch?v=ejeIz4EhoJ0<\/span><\/font><\/div>\n<div><span style=\"font-size: 13pt;\"><br \/><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u2022 &nbsp; The post calculates that issuing ~7.36 million MSTR shares (2.12% dilution) would cover Strategy\u2019s full $1.237B annual dividend obligation on preferred stock at a $168 share price. \u2022 &nbsp;It frames the STRC preferred stock mechanism as efficient: STRC holders receive 11.5% yield while funding large-scale Bitcoin acquisitions that increase sats per MSTR share [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":38179,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-38178","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/38178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=38178"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/38178\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/38179"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=38178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=38178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=38178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}