Strategy Expands to Europe With STRE Bitcoin-Backed Security

Strategy (MSTR) has introduced STRE, a euro-denominated perpetual preferred security targeting European investors, the company announced ￰0￱ introduction is just under one week after the company announced its third-quarter earnings and indicated that it would expand its offerings of preferred stocks ￰1￱ and Terms The price of STRE will be 100 euros ($115) and will have a 10% annual dividend, payable in cash, every ￰2￱ security will be traded on the Euro MTF Luxembourg and settled by Euroclear and Clearstream, making it available to professional and institutional investors in the European Economic ￰3￱ dividend scheme incorporates safeguards for ￰4￱ cases where dividends are not paid, they are accumulated quarterly, along with an interest rate of 100 basis points per quarter, with a limit of 18%.

In this case, Strategy has 60 days to make reasonable efforts to raise capital by using junior securities, such as STRK or STRD, to pay outstanding ￰5￱ and Investor Protections Under the capital structure of Strategy, STRE has a senior status compared to STRE over STRK, STRD, and the common stock. Still, a junior position compared to STRF, STRC, and conventional debt ￰6￱ security has no voting rights, and the current system of governance is ￰7￱ are limited call ￰8￱ no less than 25% of the ordered shares are unheld, the company is capable of redeeming STRE solely in unfortunate tax ￰9￱ investors still retain the right to repurchase shares in the event of any fundamental shift in the company's structure or ￰10￱ liquidation preference has a daily adjustment mechanism that safeguards the shareholder ￰11￱ preference must be reset daily to the highest of the following: the amount stated in 100 euros, the last trading price of the previous day, or the 10-day average trading ￰12￱ structure is an association that correlates the value of the security on the floor to that of the ￰13￱ STRE offering will be used to acquire Bitcoin and for other general corporate ￰14￱ is currently trading at $ 103,917.02, and Strategy is the largest corporate owner of the ￰15￱ euro-denominated instrument adds another funding tool to the company's portfolio, enabling it to access the European capital market and continue its policy of accumulating digital assets.