Ah, dear reader, let us embark on a whimsical journey through the labyrinthine corridors of finance, where the illustrious Michael Saylor, a veritable titan of Bitcoin, has taken to the digital ether to announce the grand debut of Strategy’s STRD on the hallowed grounds of Nasdaq today. A tweet, a mere flicker of thought in the vast expanse of cyberspace, yet it reverberates with the weight of a thousand golden coins.
In his missive, Saylor, the co-founder and erstwhile CEO of the behemoth known as Strategy, now basking in the glow of his executive chairmanship, reminded the eager masses that this is not just any stock; nay, it is the third in a series of Bitcoin-backed preferred stocks, crafted with the precision of a master jeweler, “designed for fixed income, secured by BTC.” Oh, the poetry of finance!
$STRD begins trading on Nasdaq today. It’s the third in our series of Bitcoin-backed preferred stocks—designed for fixed income, secured by BTC, and issued by @Strategy.
— Michael Saylor (@saylor) June 11, 2025
In a mere four years, Strategy, once known by the humble moniker of MicroStrategy, has metamorphosed into a $100 billion colossus, all thanks to its relentless and audacious Bitcoin acquisitions. In this year of our Lord, 2025, the price of MSTR has soared by a staggering 26%, leaving tech titans like Tesla, Microsoft, Meta, and Amazon in its glittering wake, not to mention outpacing Bitcoin itself. Who knew finance could be so delightfully dramatic?
Just a week ago, our intrepid Saylor announced a rather audacious upsize of the STRD offering, ballooning it from a modest $250 million to a jaw-dropping nearly $1 billion. The aim? To further swell the coffers of Bitcoin holdings, of course! Because why not?
And lo! On the Monday of this very week, the company splurged another $110 million on Bitcoin, bringing its total to a staggering 582,000 BTC, amassed for a princely sum of almost $41 billion. The company’s Bitcoin treasure trove is now tantalizingly close to the 600,000 BTC milestone. One can only imagine the celebratory confetti raining down in the boardroom!
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2025-06-11 16:32