-
Bitcoin treasury giant Strategy is issuing 2.5 million “Stride” preferred shares.
-
Proceeds will be used to buy more Bitcoin and fund operations.
-
Stride shares offer a 10% dividend but are non-convertible.
-
Strategy now holds over 580,000 BTC worth more than $60B.
New Round of Preferred Stock to Fuel Bitcoin Buying
Strategy, the largest public holder of Bitcoin, will offer 2.5 million perpetual preferred shares called Stride (STRD). These will yield 10% annually and target institutional and select retail investors. Proceeds will go toward BTC purchases and working capital.
Continuation of AI-Branded Securities Series
This marks Strategy’s latest funding round after previous preferred shares “Strike” and “Strife,” which offered yields up to 13%. Co-founder Michael Saylor previously dubbed these instruments “AI-designed securities.”
Terms of Redemption and Dividend
STRD shares are non-convertible and offer fixed dividends. Strategy retains the right to redeem all outstanding shares under certain conditions, including if fewer than 25% of the issued STRD remain or if tax-related triggers occur.
Strategy’s Growing Bitcoin Treasury
Following its latest purchase, Strategy holds over 580,955 BTC valued above $60 billion. Its treasury-first business model has inspired other companies to consider Bitcoin reserve strategies, driving up the firm’s stock value more than 100% in the past year.
