Strategy Launches STRD Preferred Stock Offering 10% Yield
Michael Saylor‘s Strategy (NASDAQ:MSTR), the world’s largest corporate holder of Bitcoin (CRYPTO: BTC) on Monday introduced a new preferred stock product: Series A Stride Preferred (STRD) is designed to provide a high-yield return for long-term investors.
The STRD offering marks the company’s third preferred instrument as it continues building a structured and diversified capital stack anchored in Bitcoin exposure.
STRD delivers a fixed 10% dividend with perpetual duration and ranks below Strategy’s senior preferred instrument (NASDAQ:STRF), but above the firm’s common equity.
It is structured to sit at the riskier end of the firm’s yield curve but compensates investors with its highest payout to date among Strategy’s preferred options.
Unlike (NASDAQ:STRF), which prioritizes …
About The Author
