{"id":31524,"date":"2025-06-12T12:01:40","date_gmt":"2025-06-12T12:01:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31524"},"modified":"2025-06-12T12:01:40","modified_gmt":"2025-06-12T12:01:40","slug":"strategy-launches-strd-its-third-bitcoin-backed-preferred-stock-on-nasdaq","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31524","title":{"rendered":"Strategy Launches STRD, Its Third &#8216;Bitcoin-Backed&#8217; Preferred Stock on Nasdaq"},"content":{"rendered":"<div>\n<p>Strategy (MSTR) has officially launched trading of its third &#8220;<a href=\"https:\/\/x.com\/saylor\/status\/1932784731109695668\">bitcoin-backed<\/a> preferred stock&#8221;, STRD, on the Nasdaq, with shares making their debut on Wednesday.<strong> <\/strong><\/p>\n<p>The new security, formally named the 10% Series A Perpetual Stride Preferred Stock (STRD), closed the day slightly higher, gaining 0.24%. <\/p>\n<p>STRD offers a fixed 10% annual dividend, making it the highest-yielding instrument among Strategy\u2019s capital offerings, which also include STRF and STRK. Unlike those, STRD is non-convertible and non-cumulative, meaning dividends are paid only when declared by the board and do not accrue if missed. <\/p>\n<p>Despite this added risk, the product is positioned to attract long-term investors seeking strong yield with no management fees.<\/p>\n<p>Strategy aims to <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/06\/06\/strategy-to-raise-nearly-1b-with-strd-preferred-stock-offering-to-accumulate-btc\">raise nearly $1 billion<\/a> through the offering by selling 11.76 million shares at $85 each. Net proceeds are expected to total around $979.7 million after fees and expenses. According to the company, the funds will be used for general corporate purposes, and further accumulation of bitcoin.<\/p>\n<p>Investor interest appears strong, including from inside the company. Board member <a href=\"https:\/\/x.com\/PunterJeff\/status\/1932839631185392058\">Jarrod Patten<\/a> disclosed the purchase of 5,000 STRD shares. Patten already holds 28,000 shares of MSTR Class A common stock and 10,000 shares of STRF, another preferred security issued by the company. <\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/06\/10\/strategy-shifts-capital-raise-to-preferred-stocks-as-common-share-issuance-loses-allure\">Strategy Shifts Capital Raise to Preferred Stocks as Common Share Issuance Loses Allure<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Strategy (MSTR) has officially launched trading of its third &#8220;bitcoin-backed preferred stock&#8221;, STRD, on the Nasdaq, with shares making their debut on Wednesday. The new security, formally named the 10% Series A Perpetual Stride Preferred Stock (STRD), closed the day slightly higher, gaining 0.24%. STRD offers a fixed 10% annual dividend, making it the highest-yielding [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":9,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31524","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31524"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31524\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}