Wall Street investment bank Cantor Fitzgerald analyzed that MicroStrategy's (MSTR) top priority is for its preferred stock STRC to recover to its par value (100 dollars). According to CoinDesk, Cantor Fitzgerald assessed that after meeting with MicroStrategy Chairman Michael Saylor, confidence in the management's plans for financial stabilization and resumption of capital raising increased. It further explained, "Preferred shareholders, common shareholders, and BTC investors should not be seen as groups with conflicting interests, but rather STRC should be viewed as the foundation of MicroStrategy's financing model. MicroStrategy is expected to continue increasing its cash to secure funds for dividends until STRC recovers its par value. The recent increase in dividend payment capacity from approximately 10 months to 18 months is the first step. Additional measures such as share buybacks are possible if needed, but the core method is to expand cash reserves. If STRC recovers to its par value, MSTR's stock price will also rise, expanding its capacity to purchase BTC through additional stock issuance."
