Strategy Inc 10.00% Series A Perpetual Stride Preferred Stock

This is one of several preferred stocks issued by Strategy, the company formerly called MicroStrategy that has turned itself into the largest corporate holder of bitcoin under executive chairman Michael Saylor. The Stride series carries a fixed 10% annual dividend on a $100 stated value, but the dividend is non-cumulative, meaning that if the company skips a payment it does not have to make it up later. That makes it the most junior and highest-risk of Strategy's preferred shares, ranking behind the Strike and Strife series. Strategy sells securities like this one to raise cash it then spends on bitcoin, so buyers are effectively lending to a business whose main asset is a volatile cryptocurrency. The appeal is the high yield; the catch is that the payout depends on Strategy staying able and willing to fund it.

On MyRWA, STRD trades tokenized across 1 on-chain venue - see the listings below.