Strategy (formerly MicroStrategy) has announced plans for an initial public offering of its first-ever euro-denominated perpetual preferred stock, STRE. The company said the proceeds will be used for general corporate purposes, including acquiring Bitcoin (BTC).
This initiative arrives as the BTC treasury company continues to ramp up its cryptocurrency holdings with the recent $45.6 million investment. The move highlights a determined expansion strategy.
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Strategy Moves to Raise Capital for Bitcoin Through New STRE Shares
On November 3, 2025, Strategy announced the proposed 10% Series A Perpetual Stream Preferred Stock (STRE) offering. The company plans to issue 3.5 million shares at a par value of €100 each, targeting qualified institutional investors across Europe and beyond.
The STRE shares carry an annual dividend rate of 10%, paid quarterly, starting December 31, 2025. Dividends are cumulative and will continue to accrue if not paid. Any unpaid dividends will earn additional interest, which can rise up to 18% per year until fully paid.
The STRE includes redemption and repurchase rights. The company may redeem shares if the outstanding amount drops below 25% of the initial issue or if a tax event occurs. Furthermore, Strategy noted that,
The offering proceeds under a shelf registration, with joint book-running by Barclays, Morgan Stanley, Moelis, SG Americas, TD Securities, Canaccord Genuity, and StoneX Financial.
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Notably, the euro-denominated STRE marks a strategic shift in capital markets, broadening efforts beyond US dollar-based financing.
Strategy Expands Bitcoin Holdings With Latest Purchase
The STRE offering supports Strategy’s ongoing accumulation of Bitcoin, reinforcing its position as the top corporate holder. Chairman Michael Saylor recently disclosed that the firm bought 397 BTC for about $45.6 million. The average purchase price per coin was approximately $114,771.
As of the latest data, Strategy holds 641,205 BTC. These holdings are valued at $68.52 billion at current market prices.
The latest purchase comes after Strategy highlighted its strong financial performance. During the third quarter, the company posted $90.7 million in gross profit and $2.8 billion in net income. It also reaffirmed its full-year 2025 outlook, expecting $24 billion in net income and $34 billion in operating income.
With strong quarterly earnings and ambitious full-year projections, Strategy appears determined to sustain its dual focus — strengthening its balance sheet through innovative capital markets activity and expanding its long-term Bitcoin holdings.
Source: https://beincrypto.com/strategy-euro-preferred-stock-bitcoin-funding/
