On June 11, 2025, Strategy's Bitcoin-backed shares under the ticker STRD started trading on Nasdaq, affirming the company's commitment to a Bitcoin-focused strategy.
STRD Shares Trading on Nasdaq
STRD shares began trading on the Nasdaq stock exchange on June 11, 2025. This event highlights Strategy's innovative financial approach and its potential impact on the Bitcoin market and related assets.
Michael Saylor's Role in the Initiative
Michael Saylor, Executive Chairman of Strategy, stated, 'Strategy's Bitcoin-backed preferred stock, $STRD, has commenced trading on Nasdaq as of June 11.' This event underscores Saylor's crucial role in steering this strategic initiative.
Market Implications for Bitcoin
The trading of STRD shares may significantly impact Bitcoin demand. The capital raised, approximately $979.7 million, will primarily be used to acquire more Bitcoin, potentially altering its circulating supply. Historically, such actions by Strategy have positively influenced Bitcoin's market activity.
The launch of STRD shares on Nasdaq illustrates a trend of increasing investor interest in Bitcoin-backed financial products, which may further strengthen the company's market position.
