Strategy Expects STRK Listing on Nasdaq as It Introduces New Performance Metrics
Strategy (MSTR) has announced that its convertible preferred stock, Strike (STRK), is set to debut on Nasdaq this Thursday, according to details shared in its latest earnings presentation.
The company, previously known as MicroStrategy, also unveiled new key performance indicators (KPIs) alongside its fourth-quarter earnings report, which was released after market close on Wednesday. Despite reporting a loss of $3.03 per share, Strategy has yet to implement the Financial Stability Accounting Board (FASB) rules that would have prevented a $1 billion impairment loss. The firm confirmed it will adopt these rules in the current quarter.
Among the newly introduced KPIs, Strategy aims for a $10 billion gain in Bitcoin (BTC) holdings by 2025, having already achieved $1.24 billion year-to-date. Additionally, it has set a 15% Bitcoin yield target, with a current progress of 2.9% in 2025.
Regarding its at-the-market (ATM) equity program, Strategy has utilized approximately $17 billion of its $21 billion allocation. The company noted that its share sales accounted for just 2.9% of total cumulative trading volume, with the highest weekly percentage—7% of total trade volume—occurring from Nov. 11-15.
In pre-market trading, Strategy’s shares were up 1.3%.
