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
Commodity-pegged Stablecoin
A digital asset tied to the value of physical commodities like gold or silver.
BUIDL
The act of actively building and contributing to the development of decentralized technologies and ecosystems, rather than solely investing or speculating.
Liquidation (Lending)
The automated sale of a borrower’s collateral when its value falls below a protocol’s required threshold.
Lean Ethereum
A visionary Ethereum Foundation initiative unveiled in July 2025 to harden and scale the Ethereum protocol through minimalism, formal verification, and hash-based post-quantum cryptography.
Electronic Payment
A digital method for transferring funds without physical cash or checks, using electronic networks.
Legal Tender
Currency mandated by law for debt settlement, including digital forms.