Strategy Inc is a publicly traded Bitcoin treasury company and enterprise analytics software provider headquartered in Tysons Corner, Virginia. Formerly known as MicroStrategy Incorporated, the company adopted Bitcoin as its primary treasury reserve asset and uses equity and debt financing, along with cash flows from operations, to accumulate Bitcoin and provide investors with varying degrees of exposure to the digital asset. Strategy also provides AI-powered enterprise analytics software to organizations across a range of industries.
Strategy’s Class A common stock trades on Nasdaq under MSTR, while its U.S.-listed preferred securities include STRK, STRF, STRD and STRC.
The 10.00% Series A Perpetual Stride Preferred Stock, trading under the ticker STRD on the Nasdaq, is a class of preferred equity issued by Strategy Inc. STRD carries a non-cumulative annual dividend rate of 10.00% based on a $100 stated amount, with dividends payable quarterly in cash when, as and if declared by the company’s board of directors. Because the dividends are non-cumulative, unpaid regular dividends do not accumulate if they are not declared for a given dividend period.
As perpetual preferred stock, STRD has no scheduled maturity date. The shares rank senior to Strategy’s common stock in the company’s capital structure and are designed for investors seeking income-oriented preferred equity exposure tied to Strategy’s broader capital strategy. Proceeds from STRD offerings may be used for general corporate purposes, including Bitcoin acquisitions and working capital.
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