Michael Saylor’s STRD Shares Offering: Institutional Investment in Bitcoin

Michael Saylor, CEO of MicroStrategy, has announced the launch of a new preferred shares offering for institutional investors, focusing on Bitcoin (BTC). Known as STRD, this offering will provide 2.5 million shares with a 10% annual dividend rate to support strategic Bitcoin reserves. Experts believe this move signifies increasing institutional acceptance of Bitcoin within portfolios, potentially impacting market sentiment and Bitcoin prices.