{"id":34015,"date":"2025-06-09T12:50:09","date_gmt":"2025-06-09T16:50:09","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=34015"},"modified":"2025-06-09T14:34:17","modified_gmt":"2025-06-09T18:34:17","slug":"wordpressd-post-by-nick-ward-on-strf-strk-strd-and-common-mstr","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/wordpressd-post-by-nick-ward-on-strf-strk-strd-and-common-mstr\/","title":{"rendered":"WordPress\u2019d Post by Nick Ward on STRF, STRK, STRD and Common MSTR"},"content":{"rendered":"
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Strategy (MSTR) has built the largest corporate #Bitcoin treasury in the world\u2014over 580,000 BTC, more than 10x the next closest company.<\/div>\n
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What makes that possible?<\/div>\n
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A capital stack engineered for one thing: turning capital into #Bitcoin at scale.<\/div>\n
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Rather than rely on one financing method, Strategy designed a multi-layer capital structure\u2014convertible notes, preferred equity ( $STRF, $STRK, $STRD ), and common stock\u2014each appealing to a different investor risk profile.<\/div>\n
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The result:<\/div>\n
✔️ Billions raised without selling BTC<\/div>\n
✔️ Minimal dilution<\/div>\n
✔️ Repeatable structure for future growth<\/div>\n
✔️ A blueprint for Bitcoin-native capital markets<\/div>\n
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@Saylor isn\u2019t just funding a treasury\u2014he\u2019s targeting the $300T global fixed income market.<\/div>\n
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Nick Ward\u2019s full breakdown⬆️<\/div>\n<\/div>\n
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Nick Ward<\/a><\/b><\/td>\n<\/tr>\n
\u2066\u202a@nckbtc\u202c\u2069<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/td>\n<\/tr>\n
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Strategy (MSTR) has built the largest corporate #Bitcoin<\/a> treasury in the world\u2014over 580,000 BTC, more than 10x the next closest company.<\/p>\n

What makes that possible?<\/p>\n

A capital stack engineered for one thing: turning capital into #Bitcoin<\/a> at scale.<\/p>\n

Rather than rely on one pic.x.com\/VrLc9uPDMd<\/span><\/a><\/td>\n<\/tr>\n

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6\/9\/25, 11:19\u202fAM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n <\/td>\n<\/tr>\n
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Sent from my iPhone<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Strategy (MSTR) has built the largest corporate #Bitcoin treasury in the world\u2014over 580,000 BTC, more than 10x the next closest company. What makes that possible? A capital stack engineered for one thing: turning capital into #Bitcoin at scale. Rather than rely on one financing method, Strategy designed a multi-layer capital structure\u2014convertible notes, preferred equity ( […]<\/p>\n","protected":false},"author":1,"featured_media":34016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-34015","post","type-post","status-publish","format-standard","hentry","category-the-bitcoin-wave"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/34015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=34015"}],"version-history":[{"count":1,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/34015\/revisions"}],"predecessor-version":[{"id":34033,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/34015\/revisions\/34033"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/34016"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=34015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=34015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=34015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}