PANews reported on June 3 that Strategy (formerly MicroStrategy) announced that it will issue 2.5 million shares of perpetual preferred stock "Stride" (STRD) with an annual interest rate of 10% to institutions and some non-institutional investors to raise funds for the purchase of Bitcoin and general operations. Previously, it has issued "Strike" with a yield of 13% and "Strife" with a yield of 10%. STRD cannot be converted into common stock and has no expiration date. The company currently holds approximately 580,955 Bitcoins, worth more than $60 billion.