The preferred shares of STRD were put up for sale through an IPO with an annual dividend rate of 10%, and these funds are planned for Bitcoin purchases, among other uses.
The strategy may redeem STRD shares by meeting certain rules.
Barclays, Morgan Stanley, and TD Securities have backed the public offering and the registration has been filed with the SEC.
Strategy, a company known for its enormous Bitcoin portfolio, just announced a new move. On June 2, 2025, it revealed its plans for an initial public offering (IPO) of its new STRD shares.
