Michael Saylor: STRD preferred stock starts trading on Nasdaq today

Odaily News Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), posted on the X platform that STRD preferred stock started trading on Nasdaq today. This is the company's third Bitcoin-backed preferred stock.
Earlier this month, Strategy announced that it plans to publicly issue 2.5 million shares of 10.00% Series A Perpetual Preferred Stock (ticker: STRD). The company said that the proceeds from this offering will be used for general corporate purposes, including Bitcoin acquisitions and working capital.