Strategy (MSTR) has successfully raised approximately $5.6 billion this year through the issuance of preferred stocks, including STRK, STRF, STRD, and STRC, representing 12% of all U.S. IPOs. Among these, STRF delivered the highest return at 31%, while STRD saw a negative return of 6%. STRK and STRC posted returns of 19% and 8%, respectively. Despite the mixed performance of its preferred stocks, MSTR's overall stock price has increased by 13% this year, though it trails behind Bitcoin's 18% rise over the same period.