Strategy Inc. to Raise €620 Million Through New Preferred Stock Offering
Strategy Inc., led by billionaire Michael Saylor, plans to raise €620 million ($715 million) through its new 10% Series A Perpetual Stream Preferred Stock (STRE) offering. The company priced the shares at €80 each and will issue 7.75 million shares.
The offering, which closes on November 13, 2025, aims to fund company growth and increase its Bitcoin (BTC) holdings. Strategy expects to net around €608.8 million ($702.2 million) after fees and expenses, based on a euro-to-dollar rate of €1.00 to $1.1534.
Strong Demand Increases Offering Size
Originally planned at €350 million, the offering was raised to €620 million due to strong investor interest. Strategy will use the funds to support daily operations, expand the business, and purchase more Bitcoin. The company is one of the largest public Bitcoin holders.
10% Annual Dividend Paid Quarterly
Each STRE share offers a 10% yearly dividend, paid quarterly starting December 31, 2025. Investors will receive €10 annually for every €100 share value, with payments on March 31, June 30, September 30, and December 31.
If the company misses a payment, the dividend rate increases by 1% each quarter, up to 18%. Investors also have protections if Strategy is sold or merged, including a buyback option at €100 per share plus unpaid dividends. Shares carry a liquidation preference of €100, adjusted daily.
Leading banks including Barclays, Morgan Stanley, Moelis & Company, TD Securities, Canaccord Genuity, and StoneX Financial manage the offering. The stock is registered with the U.S. Securities and Exchange Commission (SEC) and is available only to qualified investors in Europe and the U.K.
