Strategy Expands Capital Stack With Launch of High-Yield STRD Preferred Shares

Strategy (MSTR) has launched its third perpetual preferred instrument, the Series A Stride Preferred Stock (STRD), as it continues building out a structured yield curve for its capital stack. With a 10.00% non-cumulative fixed dividend and perpetual duration, STRD aims to provide long-term, high-yield exposure positioned between the firm's senior preferred (STRF) and convertible preferred (STRK) offerings.Unlike STRF, which offers a senior claim and is designed to be overcollateralized with lower volatility—comparable to investment-grade securities STRD is junior in seniority but delivers the highest yield of Strategy’s preferred offerings source: https://www.coindesk.com/markets/2025/06/03/strategy-expands-capital-stack-with-launch-of-high-yield-strd-preferred-shares