Breaking: Strategy’s Bitcoin STRD Launches on Nasdaq
Michael Saylor, a co-founder, the former CEO, and currently the executive chairman of the largest Bitcoin treasury company Strategy, has issued a tweet to spread the word about Strategy’s STRD rolling out to trade on Nasdaq today.
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He reminded the community that this is the third Bitcoin-backed preferred stock in Strategy’s series “designed for fixed income, secured by BTC.”$STRD begins trading on Nasdaq today. It’s the third in our series of Bitcoin-backed preferred stocks—designed for fixed income, secured by BTC, and issued by @Strategy.— Michael Saylor (@saylor) June 11, 2025 Over the past four years, Strategy (formerly known as MicroStrategy) managed to evolve into a $100 billion entity thanks to its regular and aggressive Bitcoin purchases. In 2025 so far, MSTR price has surged 26%, outperforming many tech giants, such Tesla, Microsoft, Meta, and Amazon, and outperforming Bitcoin itself as well.
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A week ago, Saylor announced that the company upsized the STRD offering from $250 million to almost $1 billion with the aim of using the proceeds from this deal to increase its Bitcoin holdings.On Monday this week, the company bought another $110 million worth of Bitcoin and now holds 582,000 BTC in total, which were accumulated for almost $41 billion. The company’s Bitcoin stash is not steadily approaching the 600,000 BTC milestone.
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