West Main Self Storage Acquires Rp 3 Billion Preferred Stock with Interest-Bearing Credit

West Main Self Storage has completed the acquisition of 2,014 perpetual preferred shares from Strategy (STRC) valued at $200,000. This transaction was financed through a loan with a fixed interest rate of 6%, according to Odaily reports.

The financing structure employed has a unique characteristic—loans are provided unsecured and do not have the right to reclaim the borrower’s assets. The payment mechanism focuses solely on interest payments, providing flexibility for West Main Self Storage in managing cash flow. This strategy demonstrates a measured approach to funding for preferred stock acquisitions in a competitive market.