Michael Saylor, co-founder of Strategy (formerly MicroStrategy), has launched a new Bitcoin-backed stock called STRD on Nasdaq.
š What Is STRD?
STRD is a 10% Series A Perpetual Preferred Stock.
It gives investors a 10% yearly dividend, paid every 3 months (if approved by the board).
But the dividend is non-cumulativeāif itās skipped, it wonāt be paid later.
š° STRD Price and Details
STRD started at $85 per share.
Now it's trading at $89.88, up 0.42%.
Strategy sold 11.76 million shares, raising about $979.7 million.
This money will be used to buy more Bitcoin and run the business.
š Can You Sell Back STRD?
Yes. In some cases:
Investors can redeem their shares under certain terms.
Strategy can also buy back all STRD shares if:
Less than 25% of them remain active, or
A tax law change affects them.
š Strategy's Bitcoin Growth
Strategy has become a $100 billion company by buying Bitcoin.
Its main stock, MSTR, has gone up 26% in 2025 alone.
āSTRD is for investors who want steady income backed by Bitcoin,ā Saylor said on X (formerly Twitter).
STRD gives fixed income while being tied to Bitcoinās value, offering a new way to invest in the crypto space.
Disclaimer: This article is for information only. It is not financial advice. Always do your own research before investing.
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