Strategy plans to list STRK convertible preferred shares on NASDAQ this Thursday

According to CoinDesk, Strategy (formerly MicroStrategy) is expected to list its convertible preferred shares, Strike (STRK), on NASDAQ this Thursday. The company announced in its latest financial report a key performance target for 2025, including a $10 billion Bitcoin revenue target and a 15% Bitcoin return rate. So far, its BTC-related earnings have reached $1.24 billion, with a yield of 2.9% since the beginning of the year.

In addition, due to not adopting FASB accounting standards, the company recorded a $1 billion asset impairment loss and plans to adopt new rules this quarter. To date, the company has used $17 billion out of the $21 billion ATM stock issuance plan, with stock sales accounting for 2.9% of total trading volume. Strategy's share price rose by 1.3% before market opening.