Nasdaq to List STRK Convertible Preferred Stock on Thursday, Strategy Confirms

Strategy’s STRK Set for Nasdaq Debut, Company Highlights Bitcoin Growth Targets

Strategy (MSTR) is gearing up for the Nasdaq listing of its convertible preferred stock, Strike (STRK), scheduled for Thursday, according to details shared in its latest earnings presentation.

The company, previously known as MicroStrategy, also introduced new performance metrics alongside its fourth-quarter earnings report, released after the market closed on Wednesday. Strategy posted a $3.03 per share loss, noting that it had not yet implemented Financial Stability Accounting Board (FASB) rules, which would have eliminated a $1 billion impairment loss. The company confirmed it will adopt the new accounting standards this quarter.

Key metrics introduced include:

  • A 2025 Bitcoin (BTC) gain target of $10 billion, with $1.24 billion already secured this year.
  • A 15% Bitcoin yield goal, with year-to-date performance at 2.9%.

So far, Strategy has utilized $17 billion of its $21 billion at-the-market (ATM) equity program. The company highlighted that its share sales represented just 2.9% of total cumulative trading volume, with Nov. 11-15 seeing the highest concentration at 7%.

Following the announcement, Strategy’s shares were up 1.3% in pre-market trading.

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