Michael Saylor’s Strategy will issue a new type of security in addition to MSTR, STRK, and STRF

Investors will be offered 2,5 million perpetual securities

Strategy will issue new Stride preferred shares to boost BTC holdings

03.06.2025 - 11:20

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2 min

What’s new? Michael Saylor’s analytics software company Strategy (Formerly MicroStrategy), the largest corporate holder of bitcoin, is set to issue a new type of security. Stride perpetual preferred shares (STRD) will be placed as part of the company’s ongoing efforts to accumulate the first cryptocurrency.

Press release

What else is known? Strategy intends to use the net proceeds from the offering of 2,5 million shares of Stride for general corporate purposes, including BTC acquisitions and working capital. The offering is intended for “institutional investors and select non-institutional investors.”

The company also recently offered other preferred shares to the public, designated as Strike (STRK) and Strife (STRF), to complement its efforts to raise $84 billion, equally in equity and debt, to fund future bitcoin purchases.

STRK and STRF are convertible preferred shares that offer yields of 13% and 10%, respectively.

Michael Saylor, currently serving as chairman, called Strife and Strike “the first AI-designed securities.”

STRD and STRF offer dividends and cannot be converted into Strategy common stock, which trades under the ticker MSTR on Nasdaq.

Perpetual preferred shares, unlike bonds, have no maturity date or mandatory repayment schedule. Instead, they offer fixed dividend payments as long as the issuing company continues to operate.

10x Research recommended shorting Strategy shares

Analysts noted that the securities lagged behind the bitcoin uptrend

Strategy holds 580 955 BTC worth more than $60 billion on its balance sheet; it began investing in the asset in late 2020. Recently, many companies have been looking to implement bitcoin strategy along its lines as it has a positive impact on the stock price. MSTR has added 2940% in five years and is currently trading at $372,27.

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