Strategy’s Bitcoin STRD Launches on Nasdaq

Michael Saylor, cofounder, former CEO and currently executive chairman of the largest Bitcoin treasury company, Strategy, has issued a tweet to spread the word about Strategy’s STRD rolling out to trade on the Nasdaq today.

He reminded the community that this is the third Bitcoin-backed preferred stock in Strategy’s series “designed for fixed income, secured by BTC.”

Over the past four years, Strategy (formerly known as MicroStrategy) managed to evolve into a $100 billion entity thanks to its regular and aggressive Bitcoin purchases. In 2025 so far, the MSTR price has surged 26%, outperforming many tech giants, such as Tesla, Microsoft, Meta and Amazon, and outperforming Bitcoin itself as well.

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A week ago, Saylor announced that the company upsized the STRD offering from $250 million to almost $1 billion to use the proceeds from this deal to increase its Bitcoin holdings.

On Monday of this week, the company purchased another $110 million worth of Bitcoin, bringing its total holdings to 582,000 BTC, which have accumulated to nearly $41 billion. The company’s Bitcoin stash is not steadily approaching the 600,000 BTC milestone.

Max Keiser calls Strategy “Iron Bank”

Bitcoin OG and advisor to El Salvador’s president, Max Keiser, has commented on Saylor’s announcement. He stated that Michael Saylor is about to become “the IRON BANK of the new Game of Thrones the world finds itself in,” proposing that Saylor should now be called “Iron Mike.”

In an earlier tweet, Keiser stated that, if according to Saylor, inflation is running at 15%, interest rates are going to be raised from their current levels. He believes that current highly manipulative programs, such as QE and YCC, are pressuring rates “to absurdly low levels to keep banks from declaring life threatening losses.”

Therefore, Keiser continues, buying Bitcoin with “this ridiculously cheap money” (U.S. dollars) “is a mathematically guaranteed way to outperform everything.” He is positive that Strategy is definitely going to win “this century-defining adjustment to a global Bitcoin standard.”