STRK Convertible Preferred Stock Set for Nasdaq Listing on Thursday, Says Strategy

Strategy Plans Nasdaq Listing for STRK, Introduces Fresh Bitcoin Performance Metrics

Strategy (MSTR) has confirmed that its convertible preferred stock, Strike (STRK), is scheduled for a Nasdaq listing on Thursday, as outlined in its latest earnings presentation.

The company, formerly known as MicroStrategy, also rolled out new key performance indicators (KPIs) alongside its fourth-quarter earnings report, released after Wednesday’s market close. Strategy reported a $3.03 per share loss, noting that it has yet to implement Financial Stability Accounting Board (FASB) rules, which would have shielded it from a $1 billion impairment loss. The firm said it will adopt these changes in the current quarter.

Among its newly announced KPIs:

• $10 billion in Bitcoin (BTC) gains by 2025, with $1.24 billion already achieved this year.
• 15% Bitcoin yield target, with a current year-to-date yield of 2.9%.

Strategy has drawn $17 billion from its $21 billion at-the-market (ATM) equity program. The company emphasized that its share sales accounted for just 2.9% of cumulative trading volume, with the highest weekly concentration recorded Nov. 11-15, reaching 7% of total trade volume.

In pre-market trading, Strategy’s shares were up 1.3%.