Strategy’s STRD credit spread has tightened over past month even as bitcoin struggles

The narrowing spread between yields on STRD and the 10-year U.S. Treasury could signal boosted demand for the preferred stock. What to know : STRD’s credit spread versus the U.S. 10-year Treasury narrowed to a new low on Friday. Strategy sold $82.2 million of STRD through its ATM program in the week ended Dec. 14, the largest weekly issuance since launch. Historical ATM data shows STRD has recently dominated preferred issuance among Strategy’s offerings.