Bitcoin-Backed STRD, a strategic move by Michael Saylor, now listed on Nasdaq
Revamped Article:
Hear ye, hear ye! Michael Saylor, the co-founder and Executive Chairman of Strategy (back in the day known as MicroStrategy), just dropped a bombshell — their new Bitcoin-secured stock, STRD, is now trading on Nasdaq.
Now, you might be thinking, "What's the big deal about that, pal?" Well, keep on readin' and I'll spill the beans.
Saylor announced on X that this is the third in Strategy's series of Bitcoin-backed stocks, designed especially for investors who crave fixed income with a smidgen of Bitcoin sprinkled in.
Let's dive into the dang ol' details, shall we? STRD is a 10% Series A Perpetual Preferred Stock. Translation: it promises an annual return of 10% on dividends, paid out every three months, if the bigwigs at Strategy give the thumbs-up. But here's the catch, folks — these dividends are non-cumulative, which means if a payment skips a beat, it ain't comin' back later.
As of this moment, the STRD stock's floatin' at $89.88, seein' a 0.42% increase. This baby was initially priced at $85 per share, and Strategy managed to issue a hefty 11.76 million shares. They're expectin' to raise approximately $979.7 million, which'll be divided between buying more Bitcoin and supportin' the day-to-day operations of the company.
In case you're itching to cash out, investors have the option to redeem their STRD shares under certain conditions. Strategy also holds the right to redeem all shares if less than 25% remain outstanding or during specific tax-related events. After makin' numerous Bitcoin purchases, Strategy has grown into a $100 billion company, with its main stock (MSTR) jumpin' 26% in 2025 alone.
But wait, there's more! If you're curios about Strategy's plans for Bitcoin or wonderin' if Apple should hop on the Bitcoin bandwagon, don't forget to check out our other read: "Strategy's Michael Saylor: 'Apple should buy Bitcoin.'"
Enrichment Insights: (Incorporated as follows throughout the article)
- STRD is traded on the NASDAQ under the ticker symbol STRD and is designated as a 10.00% Series A Perpetual Stride Preferred Stock.
- Dividends are non-cumulative and set at 10.00% per annum on the stated amount, payable quarterly if declared by the board, and paid out quarterly in arrears starting September 30, 2025.
- The proceeds from the offering are intended for general corporate purposes, including the acquisition of Bitcoin and for working capital.
- The stock's value is linked to both the performance of MicroStrategy and the volatility of Bitcoin prices, and being listed on NASDAQ increases liquidity and visibility for the security.
- STRD provides investors with indirect exposure to Bitcoin, and its performance could influence broader investor sentiment toward both cryptocurrency-linked equities and innovative fixed income products.
- This Bitcoin-secured stock, STRD, marks a significant step in the finance and technology sector, as it offers investors a unique opportunity to invest in fixed income with a bit of Bitcoin, given its link to the volatile Bitcoin prices and its trading on Nasdaq.
- The business strategy of MicroStrategy, as exemplified by the issuance of STRD, showcases how technology and finance intertwine, as they aim to acquire more Bitcoin with the proceeds from the offering, further solidifying their presence in the digital currency market.
