BlockBeats News, on June 11, Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), posted on the X platform that STRD began trading on Nasdaq today. This represents the company's third Bitcoin-backed preferred stock.
Earlier this month, Strategy announced plans for a public offering of 2.5 million shares of 10.00% Series A perpetual preferred stock (ticker: STRD). It is reported that the proceeds from this fundraising will be used for general corporate purposes, including Bitcoin acquisition and working capital.
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