An equity security with contractual dividend or liquidation priority over common stock, but usually limited voting rights.
Preferred stock is best understood as part of a system rather than as an isolated definition. Its related coordinates show the mechanisms, incentives and historical records that give the term practical meaning.
Preferred stock belongs to the documented history and social layer around Bitcoin. Primary records can establish what was published, built or decided; motives, influence and later interpretation should remain separate from those verifiable facts.
Understanding Preferred stock helps distinguish a verifiable Bitcoin mechanism or historical record from slogans, products and market narratives.
For the clearest picture, read this entry together with Strategy (MicroStrategy), Capital structure, Dividend, Credit risk, Common stock. The reverse links also lead from Strategy (MicroStrategy), Shareholder dilution, Digital credit, Capital structure.
Linked to related atlas coordinates
Grounded in a source record
Explains function and trade-offs
Part of the open Bitcoin knowledge graph