Hold onto your wallets, folks! Michael Saylor, the man who probably dreams in Bitcoin, just dropped a bombshell. His brainchild, Strategy (formerly known as MicroStrategy, because who doesn’t love a rebrand?), has launched a new Bitcoin-backed preferred stock called STRD. Yes, it’s now trading on Nasdaq, which is basically the Wall Street equivalent of getting a gold star in kindergarten. 🌟
Now, let’s break this down: STRD is a 10% Series A Perpetual Preferred Stock. Sounds fancy, right? It’s like the stock market’s version of a never-ending buffet—10% annual return in dividends, paid quarterly, if the board feels like it. But here’s the kicker: if they skip a payment, tough luck! No “I’ll get you next time” here. It’s more like “Sorry, not sorry.” 😬
Investors can redeem their STRD shares, but only under certain conditions. It’s like trying to return a pair of jeans that you’ve already worn to a party—good luck with that! And if less than 25% of the shares are left, Strategy can just say, “Nah, we’re good,” and redeem all the shares. Talk about a power move! 💪
Thanks to its relentless Bitcoin buying spree, Strategy has ballooned into a $100 billion company. In 2025 alone, its main stock (MSTR) has skyrocketed by 26%. So, if you’re not on the Bitcoin train yet, you might want to hop on before it leaves the station—just don’t forget your helmet! 🚀
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2025-06-11 17:41