$BTC A powerful new bitcoin-backed equity has stormed onto Nasdaq, fueling Strategy’s explosive crypto accumulation plans and intensifying investor demand for high-yield digital asset exposure.

STRD Now Trading on Nasdaq as Strategy Expands Its Bitcoin-Backed Empire

Software intelligence company Microstrategy (Nasdaq: MSTR), now operating under the brand Strategy, has introduced its third tranche of bitcoin-collateralized preferred equity. Trading has commenced for the new issue—ticker symbol STRD—on the Nasdaq exchange.

Strategy secured approximately $980 million in net proceeds after underwriting and issuance costs, following an upsized offering of 11.76 million shares at $85 each due to strong institutional demand, exceeding the original $250 million target. Executive Chairman Michael Saylor disclosed the development on social media platform X on June 11, stating