Strategy files IPO for euro stock to fund more Bitcoin buys

Michael Saylor’s company, Strategy, has filed for an initial public offering (IPO) of euro-denominated perpetual preferred stock under the ticker STRE to raise capital specifically for buying more Bitcoin (BTC) and for general business purposes. The company plans to offer 3.5 million shares, which will provide a 10% yearly cumulative dividend on a stated amount of 100 euros ($115), paid quarterly. This new stock offering, $STRE ("Stream"), is exclusively targeted at "qualified investors" in the EU and UK, explicitly excluding retail investors in those regions. Strategy's established business model, pioneered by Michael Saylor, involves issuing shares to raise capital for accumulating Bitcoin, making it the largest publicly traded holder of BTC. The company currently holds 641,205 BTC. Saylor has indicated that the core focus remains on improving the balance sheet and buying Bitcoin, dismissing plans for mergers or acquisitions despite increased competition in the crypto treasury sector.

(Source：Cointelegraph)