Summary
- Michael Saylor announced that STRF goes live on Nasdaq today.
- Bitcoin price rebounded above $88,000 following an earlier dip at $87,000 levels.
Bitcoin maintains its price above $88,000, amidst market optimism and rising institutional adoption. Today, Michael Saylor announced that Strategy’s STRF goes live on Nasdaq.
STRF is the company’s new preferred stock for institutional investors that will support Strategy’s Bitcoin investments.
STRF Goes Live Today on Nasdaq
In his message on X, Saylor announced that STRF created USD yield for investors and BTC yield for MSTR investors, and trading begins today on Nasdaq.
On March 21, Saylor announced that Strategy upsized its initial STRF offering of $500 million to $722 million for upcoming Bitcoin investments.
Strategy announces pricing of its Strife Perpetual Preferred Stock ($STRF) Offering and upsizes the deal from $500M to $722.5M $MSTR https://t.co/GJVCRwIQ0Y
— Michael Saylor⚡️ (@saylor) March 21, 2025
This translates into more upcoming investments in the company’s BTC Treasury. Strategy began buying Bitcoin in August 2020.
Strategy announced the new stock STRF on March 18.
STRF going live on Nasdaq will bring more institutional capital into the Bitcoin and crypto markets.
Bitcoin Trades Above $88,000
At the moment of writing this article, BTC is trading above $88,000 following an earlier drop to $87,000 levels.
Despite the recent volatility, the market maintains optimism amidst rising institutional adoption.
SoSoValue data shows that inflows in BTC ETFs continued for straight eight days since March 14, with the biggest inflow day being March 17 at over $274 million inflows.
Yesterday, March 25, the crypto products recorded almost $27 million in inflows.
The continued inflow streak in BTC ETFs comes following a longer period of outflows, and mirrors renewed institutional interest in Bitcoin and related products.
Optimism is present in the industry, amidst crypto-friendly policies in the US, and ahead of the confirmation for the new SEC Chair, Paul Atkins that is scheduled to take place tomorrow.