Saylor’s Strategy Rolls Out New Bitcoin-Backed Stock on Nasdaq

TL;DR Strategy launched its third Bitcoin-backed preferred stock, STRD, on Nasdaq to raise capital secured directly by BTC. The offering increased to nearly $1 billion, aimed at boosting its Bitcoin reserves, which already total 582,000 BTC valued at around $64 billion. Max Keiser called Strategy the current ‘Iron Bank,’ highlighting its approach of buying Bitcoin. . . source: https://crypto-economy.com/saylors-strategy-rolls-out-new-bitcoin-backed-stock-on-nasdaq/