Strategy (MSTR) Introduces Euro-Denominated Stream Preferred Stock Following Q3 Earnings
CoinDesk
Strategy launched Stream (STRE), a euro-denominated perpetual preferred security targeting institutional investors in the EEA.Summary
Following hints after its Q3 earnings report, Strategy (MSTR) introduced Stream (STRE), a new euro-denominated perpetual preferred security aimed at professional and institutional investors in the European Economic Area (EEA). STRE is issued at 100 euros with a 10% annual dividend paid quarterly in cash, listing on Euro MTF Luxembourg. If dividends are unpaid, they compound quarterly, potentially increasing up to 18%. The security ranks senior to STRK, STRD, and common stock but junior to STRF, STRC, and debt. Proceeds from the offering are designated to support bitcoin acquisitions and general corporate purposes.
(Source：CoinDesk)