Strategy Launches Euro Preferred Stock for Bitcoin

Strategy, a Nasdaq-listed company known for its extensive Bitcoin holdings, has launched a new euro-denominated preferred stock offering to raise capital for expanding its cryptocurrency reserves. The Series A Perpetual Stream Preferred Stock, trading under the ticker STRE, was priced at approximately 92 euros per share, with the company selling 7.75 million shares to generate about 715 million in proceeds, equivalent to roughly 608.8 million euros net. The offering, announced on a Friday and set to settle on November 13, targets institutional investors in Europe and provides a 10 percent annual dividend based on a 100 euro stated value, paid quarterly starting in December 2025.

The funds will primarily support additional Bitcoin purchases and general corporate purposes, underscoring Strategy's ongoing commitment to accumulating the cryptocurrency as a core treasury asset. The new shares rank senior to the company's existing Perpetual Strike (STRK), Perpetual Stride (STRD), and common stock but are subordinate to its Perpetual Strife (STRF), Variable Rate Perpetual Stretch (STRC) shares, and outstanding debt. In line with European regulations, the offering is restricted to...