Today, Strategy₿’s preferred stock, Strife (STRF), starts trading on Nasdaq, offering USD yields for STRF investors and Bitcoin yields for MSTR shareholders.
Strategy₿'s Launch of Strife (STRF)
Earlier today, Michael Saylor made an optimistic statement for the crypto industry. He announced that Strategy₿’s latest product, the preferred stock Strife (STRF), starts trading on Nasdaq. This event promises USD yields for STRF investors and Bitcoin yields for main stockholders, such as MSTR.
MSTR Stock Growth
According to official data, MSTR stock is currently priced at $341.81, having surged by almost 18% over the past five days. The stock has had a continued ascendant trajectory since March 10, when it was priced over $239.
Recent Strategy₿ Announcements
The company recently launched its latest Perpetual Stock offering, stating its plans to use the proceeds for purchasing more Bitcoin and other company purposes. Additionally, Strategy₿ upsized its initial $500 million STRF offering to $722 million for greater Bitcoin purchases. The company became the first publicly traded firm to own more than 500,000 BTC.
Interest in Bitcoin continues to grow among institutional investors. Various companies and funds are adding Bitcoin to their reserves. Moreover, the launch of Bitcoin-based ETFs drives more investment flows into this area.
