Join Our Telegram channel to stay up to date on breaking news coverage
Michael Saylor’s Strategy plans to raise $250 million through an offer of 10% Series A Perpetual Stride Preferred Stock (STRD) to buy more Bitcoin as institutional adoption accelerates across the world.
“Strategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and for working capital,” the company said in a statement.
Strategy today announced the launch of $STRD ("Stride"), a new perpetual preferred stock offering, available to institutional investors and select non-institutional investors. For more information, click here. $MSTR https://t.co/D2Wy9M2bqa
— Michael Saylor (@saylor) June 2, 2025
That’s after Strategy, formerly MicroStrategy (MSTR), recently offered the public other preferred shares labeled Strike (STRK) and Strife (STRF) in an effort to raise $84 billion to fund future Bitcoin buys.
Strategy’s STRD Shares Will Be Offered To Institutions, With Some Exceptions
Strategy’s STRD shares are targeted more towards institutional investors, although the company said that it will consider letting select non-institutional investors buy as well.
Holders will be eligible for non-cumulative dividends that will be paid quarterly if declared at a 10% annual rate. This is similar to the 13% and 10% yields offered by STRK and STRF, respectively.
Other Companies Follow Strategy’s Bitcoin Treasury Playbook
Strategy is the largest corporate holder of Bitcoin, and boosted its reserves to 580,250 BTC after buying another 705 BTC for $75.1 million yesterday, according to SaylorTracker data.
Other companies have started to aggressively load up on Bitcoin as well as they follow Strategy’s BTC treasury playbook. Among them is Metaplanet, which announced yesterday that it bought another $117.5 million worth of BTC, pushing its holdings to 8,888 Bitcoin.
Similarly, Hong Kong-based Reitar Logtech Holdings Limited (RITR) revealed yesterday that it is in advanced negotiations to create a strategic Bitcoin reserve. It aims to purchase up to 15,000 BTC as part of the initiative.
Norwegian Block Exchange (NBX) also recently made history as Norway’s first listed company to adopt Bitcoin as a treasury asset after it bought 6 Bitcoin. The company aims to raise its holdings to 10 BTC by June.
Related Articles:
- SEC Says Some Staking Does Not Violate Securities Law
- Trump Tariffs Reinstated, Triggering Bitcoin Outflows
- Lazarus Group Shifts Focus To NFT Users On LinkedIn
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
