Financial services firm Strategy has launched STRD, its third Bitcoin-backed preferred stock, on the Nasdaq stock exchange.
STRD represents Strategy’s latest offering in its series of securities leveraging Bitcoin as underlying collateral. This listing marks the third such preferred stock product introduced by Strategy onto the Nasdaq platform.
The launch expands the options available to investors seeking exposure to Bitcoin through regulated traditional market instruments. Preferred stocks like STRD offer a distinct structure compared to common equity or exchange-traded funds (ETFs), providing specific dividend rights and priority in the event of liquidation.
Listing on Nasdaq provides STRD with significant visibility and access to a broad investor base within the established equities market framework.