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Strategy has announced the launch of its 10% Series A Perpetual Stride Preferred Stock (STRD) to raise capital for Bitcoin acquisitions. The offering, managed by major financial institutions, includes non-cumulative dividends and unique liquidation terms. This move signals Strategy’s aggressive push into the fixed-income market while expanding its BTC portfolio.
- STRD offers 10% non-cumulative dividends, with distributions starting Q3 2025 if approved by Strategy's board.
- Liquidation preference resets daily to protect principal, but missed dividends won’t accumulate for later payment.
- STRD ranks above common stock but below debt in liquidation, with redemption options tied to tax or merger events.
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