Strategy has just introduced STRD, its third preferred stock offering this year, aimed at providing select private investors exposure to Bitcoin through a perpetual preferred share IPO.
🔹 $STRD Highlights:
10% annual dividend (non-cumulative, board-approved)
Backed by 6× BTC exposure
Redeemable at $100 per share
First dividend payout: Sept 30
IPO supported by Barclays, Morgan Stanley, Moelis & Co, and TD Securities
The proceeds will fund continued Bitcoin acquisitions, working capital, and general corporate expenses—adding to Strategy’s growing portfolio of BTC-backed financial tools. The offering comes on the heels of successful launches of STRF and STRK, and a strong market environment for Strategy’s assets, including MSTR.
💡 Investor Note:
STRD carries higher risk than prior offerings. While it ranks above common shares in a liquidation, it sits below STRK in priority and does not provide direct BTC upside. Dividends are not guaranteed, and there’s potential exposure in volatile markets. However, in bullish conditions, STRD could yield passive returns over 10%.
⚠️ Strategy reserves the right to redeem all shares if total outstanding STRD drops below 25%.
As BTC steadies around $105K and Strategy’s flywheel effect remains intact, $STRD adds a new layer to the firm’s bold Bitcoin-centric financial strategy.