Summary
- Strategy announced that it will list the convertible preferred stock STRK on Nasdaq.
- Strategy plans to purchase $10 billion worth of Bitcoin by 2025.
- It has already purchased $1.24 billion worth of Bitcoin by the first quarter of this year.
Strategy (formerly MicroStrategy) is listing its convertible preferred stock.
According to a report by CoinDesk on the 6th (local time), Strategy announced in its Q4 earnings report that the convertible preferred stock Strike (STRK) will be listed on Nasdaq today.
The earnings report indicated that Strategy recorded a loss of $3.03 per share in the fourth quarter. Regarding its core business plan to purchase Bitcoin, Strategy announced it will acquire $10 billion worth of Bitcoin by 2025. As of the first quarter of this year, Strategy has already purchased $1.24 billion worth of Bitcoin.
YM Lee
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