Strategy Doubles Down on Bitcoin with Euro-Denominated STRE Preferred Stock
The offering, aimed squarely at professional investors in the EEA and U.K., threads a steady-income narrative through the volatility of digital-asset accumulation.
The offering, aimed squarely at professional investors in the EEA and U.K., threads a steady-income narrative through the volatility of digital-asset accumulation.
The acquisition was funded through proceeds from the company's recent stock offerings. As detailed in the filing with the Securities and Exchange Commission (SEC), Strategy raised roughly $1.4 billion by selling around 4.02 million shares of its Class A common stock (MSTR) and an additional 435,069 shares of its 8.00% Series A preferred stock (STRK) during the same period.
The move comes as Strategy continues to aggressively accumulate Bitcoin. On Monday, the firm disclosed the purchase of approximately $10.7 million worth of Bitcoin, bringing its total holdings to an estimated $41.4 billion.