TLDR
- Strategy has launched its third Bitcoin-backed preferred stock STRD for trading on Nasdaq.
- The company increased its capital raise from $250 million to nearly $1 billion ahead of the STRD launch.
- Proceeds from the offering were used to purchase more Bitcoin and strengthen Strategy’s holdings.
- Strategy currently holds approximately 582,000 Bitcoin valued at close to $41 billion.
- The company’s market capitalization has surpassed $100 billion in 2025.
Strategy, formerly known as MicroStrategy, has launched its Bitcoin-backed preferred stock, STRD, for trading on Nasdaq today. This marks the third release in its fixed-income product series backed by Bitcoin reserves. The company has significantly expanded its crypto exposure while outperforming traditional tech giants throughout 2025.
The new STRD instrument reflects Strategy’s ongoing efforts to merge Bitcoin assets with traditional financial securities. Michael Saylor, co-founder and current executive chairman, shared the update via social media to increase visibility. This launch follows a consistent strategy of leveraging digital assets to back structured financial offerings.
The STRD rollout follows the firm’s expanded capital raise from $250 million to nearly $1 billion last week. The proceeds were immediately redirected into acquiring more Bitcoin, further anchoring the company’s holdings. STRD offers exposure to Bitcoin while targeting fixed-income outcomes through a preferred equity structure.
$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
STRD Becomes Third Bitcoin-backed Preferred Stock from Strategy
STRD is the third addition to Strategy’s unique Bitcoin-backed preferred stock series, aimed at securing stable income from BTC reserves. The first two instruments in the series received positive traction due to their structure and BTC collateralization. This expansion strengthens Strategy’s position as the leading corporate holder of Bitcoin assets.
The firm now markets these securities as alternative financial tools designed to offer security, yield, and asset appreciation. The latest issue further solidifies Strategy’s plan to convert its Bitcoin thesis into an investment-grade product line. Each preferred stock in the series is backed directly by BTC held on the firm’s balance sheet.
STRD went live as demand for hybrid financial assets continues to rise among institutions and asset managers. The offering’s unique design targets long-term performance while remaining tethered to Bitcoin’s volatility and growth potential.
Bitcoin Holdings Approach 600,000 as Market Capitalization Soars
On Monday, Strategy added $110 million worth of Bitcoin, raising its total to approximately 582,000 BTC. This latest acquisition pushes its total Bitcoin valuation close to $41 billion. It now inches toward the 600,000 BTC milestone, maintaining momentum.
With STRD live, Strategy ties its financial tools closer to its BTC reserves, aiming to secure long-term capital performance. The company’s market capitalization has crossed $100 billion, outpacing many large-cap tech peers in 2025.
