Strategy (NASDAQ:MSTR), led by Michael Saylor, has launched the Series A Stride Preferred (STRD) stock, offering a 10% yield aimed at long-term investors. This new preferred stock is the company's third and riskiest preferred instrument, positioned between the senior preferred STRF and common equity. STRD targets investors seeking higher returns, with dividends distributed quarterly at the board's discretion. The launch supports Strategy's initiative to integrate structured financial products with cryptocurrency exposure, providing yield and diversification in traditional investment formats.