tl;dr
Michael Saylor, cofounder and executive chairman of Strategy, announced that Strategy's Bitcoin-backed preferred stock STRD began trading on Nasdaq. This is the third such stock designed for fixed income secured by Bitcoin. Strategy, formerly MicroStrategy, has grown into a $100 billion company thro...
Michael Saylor, cofounder and executive chairman of Strategy, announced that the company's Bitcoin-backed preferred stock STRD has begun trading on Nasdaq. This marks the third such stock in Strategy's series, designed to provide fixed income secured by Bitcoin.
Strategy, formerly known as MicroStrategy, has transformed into a $100 billion enterprise through aggressive Bitcoin acquisitions. In 2025, the company's stock price surged 26%, surpassing the performance of major technology giants like Tesla, Microsoft, Meta, and Amazon, as well as Bitcoin itself.
Initially offering $250 million, Strategy increased the STRD tranche to nearly $1 billion to finance additional Bitcoin purchases. Recently, the company acquired $110 million more Bitcoin, pushing its total holdings to 582,000 BTC, currently valued at nearly $41 billion and approaching the 600,000 BTC milestone.
Bitcoin evangelist and advisor to El Salvador’s president, Max Keiser, lauded Michael Saylor as the "Iron Bank" of the new financial era. Keiser highlighted that amid soaring inflation and manipulative interest rate policies, acquiring Bitcoin with cheap U.S. dollars is a mathematically assured strategy to outperform other assets.
Keiser anticipates that Strategy will thrive as the global economy shifts toward a Bitcoin standard, benefiting from the distorted monetary landscape and underscoring Saylor’s pivotal role in this historic financial evolution.