Die Firma Strategy Inc gibt eine Emission von bevorzugten ewigen Aktien in Euro mit einem Zinssatz von 10% (STRE) bekannt.
Die Erlöse aus dem Verkauf werden weitere Käufe von Bitcoin und betriebliche Abläufe finanzieren, mit aktuellen Beständen von 641,205 BTC im Wert von 68,52 Milliarden Dollar.
STRE zahlt jährliche Dividenden von 10%, kumulative nicht ausgeschüttete Dividenden von bis zu 18%, mit Bestimmungen für Rückkauf und Rücknahme.
Strategy (formerly MicroStrategy) announced plans to launch a first-ever offering of perpetual preferred shares denominated in euros, known as STRE. The company stated that proceeds will be used for general corporate purposes, including the acquisition of Bitcoin (BTC).
This initiative comes at a time when the BTC treasury continues to increase its digital asset holdings, with the latest investment amounting to 45.6 million USD. The move highlights a decisive strategy for expansion.
Strategic moves to raise capital for Bitcoin through new STRE shares
On November 3, 2025, Strategy announced a proposed offering of Series A perpetual preferred shares with a 10% yield under the name Stream Preferred Stock (STRE). The company plans to issue 3.5 million shares with a par value of 100 euros each, targeting qualified institutional investors in Europe and beyond.
The press release stated that "Strategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of Bitcoin and working capital."
STRE shares carry an annual dividend rate of 10%, paid quarterly, starting from December 31, 2025. Dividends are cumulative and will continue to accumulate if not paid. Any unpaid dividends will earn additional interest, potentially rising up to 18% annually until fully paid.
STRE includes redemption and repurchase rights. The company may redeem shares if the outstanding amount falls below 25% of the initial offering or if a tax event occurs. Furthermore, Strategy pointed out.
"If an event occurs that is considered a material change... holders of STRE shares will have the right to demand that Strategy repurchase all or part of their STRE shares at a cash repurchase price equal to the amount specified for the STRE shares to be repurchased, plus any accumulated and unpaid ordinary dividends, if any, up to but excluding the date of the material change repurchase."
These offerings are made under a comprehensive registration, with joint book-running by Barclays, Morgan Stanley, Moelis, SG Americas, TD Securities, Kianco Genoet, and StoneX Financial.
The company stated that "the offering is made pursuant to an effective comprehensive registration statement on file with the U.S. Securities and Exchange Commission (SEC). The offering will only be made through a prospectus supplement and an accompanying prospectus."
Note that the euro-denominated STRE represents a strategic shift in capital markets, expanding efforts beyond U.S. dollar-based financing.
Strategy expands Bitcoin holdings with latest purchase
The STRE offering supports the strategy's continued accumulation of Bitcoin, strengthening its position as the largest corporate holder. Recently, CEO Michael Saylor revealed that the company purchased 397 BTC for approximately 45.6 million USD. The average purchase price per coin was around 114,771 USD.
Saylor mentioned in his post that "...we achieved a BTC return of 26.1% since the beginning of 2025".
According to the latest data, the strategy holds 641,205 BTC. These holdings are valued at approximately 68.52 billion USD based on current market prices.
The latest purchase comes after the company highlighted its strong financial performance. In the third quarter, the company recorded total earnings of 90.7 million USD and 2.8 billion USD in net income. It also reaffirmed its full-year 2025 outlook, expecting 24 billion USD in net income and 34 billion USD in operating income.
With strong quarterly earnings and ambitious full-year outlooks, the strategy appears determined to maintain its dual focus—enhancing its balance sheet through innovative capital market activities and expanding its long-term Bitcoin holdings.
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