STRD Launches Bitcoin-Backed Preferred Stock on Nasdaq, Drawing Institutional Interest

Michael Saylor’s firm Strategy has debuted its third Bitcoin-backed preferred stock, STRD, on the Nasdaq exchange. This launch signifies a significant step towards integrating cryptocurrencies into traditional financial markets and bridging the gap between digital assets and fixed-income products. 250 million USD to nearly 1 billion in capital raise reflects strong institutional demand. 📈 The debut of STRD comes after Strategy’s previous successful integration of Bitcoin into traditional finance, signaling a broader trend towards integrating cryptocurrencies into conventional financial instruments.