On July 7, 2025, MicroStrategy reported amendments to its preferred stock terms, which include a liquidation preference adjustment for its 8.00% Series A Perpetual Strike Preferred Stock, allowing it to be linked to market prices but with a floor of $100 per share. Additionally, they initiated an at-the-market offering to sell up to $4.2 billion in their 10.00% Series A Perpetual Stride Preferred Stock.