Strategy proposes euro STRE share offering to fund future bitcoin buys

Strategy, the largest digital asset treasury company led by Michael Saylor, has filed for an initial public offering (IPO) of 3.5 million shares of its euro-denominated perpetual preferred stock, referred to as STRE. The net proceeds from this offering are intended to support general corporate purposes, including future bitcoin acquisitions. The STRE stock comes with a 10% annual cumulative dividend on its €100 stated amount, payable quarterly, with compounding provisions. Strategy pioneered the digital asset treasury model by using corporate financing to acquire bitcoin, starting in 2020. The company recently purchased 397 BTC for $45.6 million, bringing its total holdings to 641,205 BTC, despite a recent slowdown in quarterly purchases which analysts view as cyclical. Strategy's common stock (MSTR) closed down 1.8% on Monday.

(Source：The Block)