Krutika Adani
Michael Saylor’s firm will issue 2.5M shares of “Series A Perpetual Stride Preferred Stock” at $100/share. Ticker: STRD.
STRD offers a 10% annual dividend, paid quarterly. But payments are non-cumulative and not guaranteed.
With Barclays, Morgan Stanley & TD Securities as underwriters, Strategy aims for a serious capital raise to load up on BTC.
On June 2, Strategy bought 705 BTC at ~$106K each. Their total stash? 580,955 BTC—worth $61.46B with $20.7B in unrealized gains.
With STRD, Strategy lets investors tap into BTC without directly holding it—part of their bold multi-asset treasury play.