US EditionMSTR Expands Capital Stack With Launch of High-Yield STRD Preferred Shares
- On June 2, 2025, Strategy disclosed plans to list on Nasdaq by issuing 2.5 million preferred stock units under its Series A Stride class, which carry a 10% dividend rate.
- The offering aims to raise $250 million for general corporate purposes, including Bitcoin acquisitions and working capital, subject to market conditions and regulatory approvals.
- STRD shares carry a $100 initial liquidation preference, non-cumulative quarterly dividends starting September 30, 2025, and rank junior to Strategy’s senior preferred stock STRF.
- Strategy disclosed in its preliminary prospectus that the funds raised from this offering are planned to be allocated toward various corporate needs, which encompass acquiring Bitcoin as well as supporting working capital requirements.
- This third preferred stock offering supports Strategy’s structured capital stack, potentially increasing its Bitcoin reserves and offering investors exposure to stable, high-yield preferred equity.
21 Articles
21 Articles
MSTR Expands Capital Stack With Launch of High-Yield STRD Preferred Shares
Strategy (MSTR) has launched its third perpetual preferred instrument, the Series A Stride Preferred Stock (STRD), as it continues building out a structured yield curve for its capital stack. With a 10.00% non-cumulative fixed dividend and perpetual duration, STRD aims to provide long-term, high-yield exposure positioned between the firm's senior preferred (STRF) and convertible preferred (STRK) offerings.Unlike STRF, which offers a senior claim…
Strategy Launches STRD IPO for Bitcoin Acquisition - Blockchain & Cryptocurrencies Tabloid
Strategy launches Series A Perpetual Preferred Stock (STRD) IPO, strengthening Bitcoin holdings and market position. The post Strategy Launches STRD IPO for Bitcoin Acquisition appeared first on Blockchain & Cryptocurrencies Tabloid.
STRD is a new 10% yield preferential share, without convertibility or cumulation of dividends, and subordinated to the strategy's securities hierarchy. It targets investors looking for high passive income, with volatility comparable to ETFs, but without the costs of managing listed products. STRD is part of a global financial segmentation strategy, positioned between stability (STRF) and the maximum leverage via MSTR, to create a home yield curv…
Strategy Expands Capital Stack With Launch of High-Yield STRD Preferred Shares
Strategy (MSTR) has launched its third perpetual preferred instrument, the Series A Stride Preferred Stock (STRD), as it continues building out a structured yield curve for its capital stack. With a 10.00% non-cumulative fixed dividend and perpetual duration, STRD aims to provide long-term,...
Strategy Announces STRD IPO To Raise $250M for Bitcoin Purchases
Strategy’s STRD preferred stock IPO aims to raise $250 million, supporting Bitcoin acquisitions and general corporate needs. The offering includes a 10% non-cumulative dividend and redemption rights tied to outstanding shares and tax changes. Strategy announced an initial public offering (IPO) of 2.5 million shares of its STRD preferred stock on June 2, 2025. The company plans to use the funds raised for general corporate purposes, including acq…
Coverage Details
Bias Distribution
- 100% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
