Key Notes
Strategy issuing $979.7 million worth of high-yield 10% preferred stock (STRD) to fund more Bitcoin purchases.
On-chain data shows historic miner-to-exchange BTC inflows topping $1B daily.
Despite BTC accumulation, the buy-side remains hesitant, resulting in market absorption without a breakout.
Strategy, the largest corporate holder of Bitcoin BTC $105 065 24h volatility: 0.5% Market cap: $2.09 T Vol. 24h: $45.01 B , is doubling down with a bold move announcing a nearly $1 billion preferred stock offering, designed not only to attract yield-hungry investors but also to fund a fresh round of BTC purchases .
The STRD Gamble
Dubbed the “Series A Perpetual Stride Preferred Stock (STRD)”, the new issue offers a generous 10% annual yield with no m