Strategy, Preferred stock STRD Nasdaq listing for additional BTC purchase

Strategy (MSTR) listed a new perpetual preferred stock 'STRD' on Nasdaq for additional Bitcoin purchases. Founder Michael Saylor announced on the 11th (local time) that STRD starts official trading today.

STRD is the third financial product designed by Strategy for Bitcoin purchasing, structured to provide fixed income secured by BTC. This listing is a move to further strengthen the company's Bitcoin-centric financial strategy, and Strategy currently holds hundreds of thousands of BTC.

The launch of STRD is gaining attention as a means of funding that not only provides investors with another way to access digital asset-based income products but also expands Strategy's capacity for continuous BTC purchases.