Strategy raises €620M after strong demand for STRE preferred stock issuance

Strategy announced the pricing of its STRE Euro-denominated preferred ￰0￱ demand for the new product raised the round from 350M EUR to 620M ￰1￱ will price the 10% Series A Perpetual Stream Preferred Stock (STRE) at 80 EUR per share, and will place 7,750,000 shares with 10% annual cumulative ￰2￱ issue of the STRE stock will settle on November 13, following the usual closing ￰3￱ proceeds will serve for general corporate purposes, with some of the funds allocated to BTC ￰4￱ expects gross proceeds of $751M, the equivalent of 620M EUR after fees, commissions, and other ￰5￱ pricing will settle at $1.15 per ￰6￱ offer closed to Euro area retail investors Despite the euro denomination, STRE will only be available for qualified investors in the Euro area, and the offer will not target retail ￰7￱ will be no prospectus for Euro area buyers, nor for UK-based buyers, only making STRE available to professional ￰8￱ holders will be eligible to receive 10% annualized dividends on the 100 EUR face value of ￰9￱ a dividend is not paid out, it would accumulate, up to a total annualized rate of 18%.

Dividends will be paid in cash ￰10￱ dividends may also be deferred, and the payment may be completed after additional placements of STRK, MSTR, or other junior ￰11￱ Cryptopolitan reported , STRE will also include a buyback feature at any moment, at the discretion of the company’s ￰12￱ the case of a ‘fundamental change’ for market conditions, holders of STRE may also require a cash repurchase, including accumulated unpaid ￰13￱ trades near yearly lows The latest STRE sale may slow down the MSTR dilution for a short ￰14￱ raise is enough for multiple purchases of BTC, if Strategy follows its approach of smaller weekly additions to the ￰15￱ current market conditions affected Strategy’s MSTR common ￰16￱ traded at a 52-week low of $237.20.

The shares weakened further as BTC sank back to the $100,000 ￰17￱ shares fell to a one-year low as BTC prices weakened. |