Important points
- Strategy has secured €620 million through its first euro-denominated STRE offering.
- The stock yields 10% per year, and when deferred it can compound up to 18%.
- Funds will fuel Bitcoin purchases and expansion into Europe.
Billionaire Michael Saylor’s Strategy company has made headlines again with another financial move aimed at expanding its already huge Bitcoin holdings.
The company announced that it has successfully priced new Series A Perpetual Stream Preferred Stock (STRE), raising an impressive €620 million (approximately $715 million).
This latest capital raise signals Strategy’s growing international presence, particularly in Europe. The company explained that the STRE issuance is the first euro-denominated preferred stock issuance by a Bitcoin treasury company.
The company said the offering amount, originally planned at 350 million euros, was increased due to strong demand from institutional investors. The sale includes 7.75 million shares to be sold at €80 per share and is expected to settle on November 13, 2025, pending standard trading conditions.
Net profit after underwriting fees and expenses is estimated at approximately 608.8 million euros ($702.2 million), according to an official Strategy release. The funds will be used for general corporate purposes, primarily to acquire additional Bitcoin and enhance working capital.
Michael Saylor, who has been one of the most vocal proponents of Bitcoin as a financial reserve asset, emphasized that the move will allow the company to strengthen its balance sheet without selling any Bitcoin.
Each new STRE preference share is subject to an annual dividend of 10% based on the official price of €100. Dividends will be paid in cash quarterly starting December 31, 2025, subject to board approval.
If the dividend is deferred, interest on the unpaid amount will be compounded quarterly, starting at 11% and increasing by 1% each quarter to a maximum of 18%. This structure makes STRE stock one of the better yield options on the market today.
“STRE stock pays a cumulative perpetual dividend of 10.00% per annum.” The company explained in a filing with the SEC:
Preferred stock comes with additional investor protections. Each share has a liquidation preference of €100, which means that in the event of liquidation, investors will have their amount repaid before common shareholders.
Additionally, the liquidation value is adjusted daily based on recent trading prices, ensuring a fair valuation when the stock is listed.
In certain circumstances, such as a merger, reorganization or delisting, shareholders may require Strategy to repurchase their STRE shares at the stated price plus any unpaid dividends.
We also reserve the right to redeem all outstanding STRE Shares if less than 25% of STRE Shares remain outstanding or upon the occurrence of certain tax-related events.
With this service, the company officially expanded internationally and accessed new funding sources to satisfy its desire to earn more Bitcoin.
This marks a deliberate move to diversify funding sources and attract global institutional investors interested in exposure to both fixed income and digital asset-related returns.
The product is managed by a powerful syndicate of financial institutions including Barclays, Morgan Stanley, Moelis & Company, Société Générale, TD Securities, Canaccord Genuity and StoneX Financial, all of which serve as joint book managers.
Their involvement is a huge vote of confidence in Strategy’s long-term vision.
The unique combination of guaranteed dividends and Bitcoin’s profit potential is an attractive opportunity for investors who like stable income but also want historic Bitcoin returns.