Strategy Launches 10% Yield STRD Stock to Fund More Bitcoin Buys

  • Strategy (MSTR), the largest publicly traded corporate holder of bitcoin, has launched a new preferred stock offering aimed at long-term investors seeking fixed returns. The company priced its 10% Series A Perpetual Stride Preferred Stock (STRD), offering 11.76 million shares with an expected net raise of approximately $979.7 million after fees.