Stride | Crypto

Strategy revealed on June 2 that it will offer 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock, branded “STRD,” to acquire more Bitcoin (BTC).  The STRD security carries a $100 initial liquidation preference and pays non-cumulative cash dividends at 10% a year when Strategy’s board declares them.  Strategy intends to use […] The post Strategy unveils ‘Stride’ stock to fuel fixed-income expansion, boost Bitcoin holdings appeared first on CryptoSlate.