Michael Saylor: STRD preferred shares start trading on Nasdaq today
On June 11, Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), posted on the X platform that STRD started trading on Nasdaq today, which is the company's third Bitcoin-backed preferred stock.
Earlier this month, Strategy announced that it plans to publicly issue 2.5 million shares of 10.00% Series A perpetual preferred stock (stock code: STRD). It is reported that the proceeds from this fundraising will be used for general corporate purposes, including Bitcoin acquisitions and working capital.
