Just In: Strategy’s Bitcoin-backed STRD Goes Live On Nasdaq
Highlights
- Strategy’s STRD Bitcoin-backed preferred stock launches on Nasdaq, offering fixed income with Bitcoin security.
- Bitcoin reserve nears 600,000 BTC, boosting its position in the crypto-finance market.
- Strategy's stock (MSTR) up 26% YTD, outperforming tech giants like Tesla and Amazon.
Michael Saylor led Strategy has launched its Bitcoin-backed preferred stock, STRD, on the Nasdaq exchange today. This marks the third product in a series aimed at providing fixed-income investment opportunities backed by Bitcoin, appealing to investors looking for security and stable returns.
Strategy’s Bitcoin-backed STRD Launches on Nasdaq
Michael Saylor, the executive chairman of Strategy, announced the rollout of STRD on Twitter. This new offering is part of the company’s ongoing efforts to merge traditional financial instruments with Bitcoin-based assets.
STRD provides investors with the chance to invest in a preferred stock, offering fixed income secured by the digital currency Bitcoin.
The new product reflects Strategy’s growing influence in the crypto-finance space. Over the past few years, the company has made aggressive Bitcoin acquisitions, building a substantial reserve. This reserve is now approaching 600,000 BTC, purchased for nearly $41 billion.
Bitcoin-backed Products Expand
Strategy has continued to expand its offerings in the cryptocurrency-backed financial product market. STRD is the third product in the company’s series of Bitcoin-backed preferred stocks. The goal is to give income-seeking investors a way to gain exposure to Bitcoin while offering the stability typically associated with fixed-income investments.
The company’s previous products, including the Stride perpetual preferred stock, have already garnered attention. These offerings have shown that Bitcoin-backed securities can exist alongside more traditional financial products, giving institutional investors more options when integrating digital assets into their portfolios.
“We’re excited to bring STRD to the Nasdaq today as part of our ongoing effort to provide Bitcoin-backed fixed-income securities,” Saylor said in his tweet. “This product aims to provide a stable income stream while allowing investors to benefit from the growing adoption of Bitcoin.”
Strategy’s Expanding Bitcoin Holdings
Besides the release of the STRD product, Strategy has also conducted massive Bitcoin buy-ups in 2025. Only this week, the firm purchased an additional $110 million in Bitcoin. That adds up to their total holdings to 582,000 BTC.
The dedication to Bitcoin has assisted Strategy in establishing itself as a leader in the industry, with its stock value surpassing numerous big tech firms over the past few months.
The stock has performed well due to the Bitcoin accumulation strategy of the company. The stock price of Strategy (MSTR) has gained 26% year-to-date, surpassing the popular tech giants, including Tesla, Microsoft, Meta, and Amazon.
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