04 Nov
04Nov

Strategy, the largest corporate Bitcoin holder, is continuing its aggressive accumulation plan by filing for an Initial Public Offering (IPO) of 3.5 million shares of its new euro-denominated perpetual preferred stock (STRE).


Capital Raise for Bitcoin Treasury

  • Primary Goal: The net proceeds from the IPO are earmarked for general corporate purposes, specifically including the acquisition of more Bitcoin (BTC), aligning with the company's Digital Asset Treasury (DAT) model.
  • Latest Acquisition: The company just announced a purchase of 397 BTC for approximately $45.6 million (average price of $114,771), bringing its massive total holdings to 641,205 BTC.
  • Sustainable Model: The funding model, pioneered by Michael Saylor, uses equity and debt offerings (like its existing preferred stocks STRK, STRF, STRD) to finance these buys, a strategy that analysts widely view as sustainable.

STRE Preferred Stock Structure

The new preferred stock, trading as STRE, is being offered with specific terms:

  • Dividend: It carries a 10% annual cumulative dividend on the €100 stated amount, payable quarterly in cash starting December 31, 2025.
  • Penalty Clause: A mechanism for compounding unpaid dividends exists, starting at 11% and increasing by 100 basis points per period up to a maximum of 18%, incentivizing timely payments.

This latest move reinforces Strategy's commitment to using capital markets to continually increase its Bitcoin reserve.

November 2025, Cryptoniteuae

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