According to Michael Saylor, Strategy is launching $STRD, a new Perpetual Preferred Stock, via an IPO for select investors. This move is significant for $MSTR holders and the broader crypto market, as it could improve Strategy’s capital structure and liquidity, potentially enabling larger Bitcoin acquisitions or technology investments (source: Michael Saylor on Twitter, June 3, 2025). Traders should monitor $STRD’s IPO performance and its impact on $MSTR price action, as well as any signals regarding strategic Bitcoin market activity.