Strategy, the world’s largest digital asset treasury company, will likely soon be in the market for additional sizable Bitcoin buys as it taps new overseas markets for the first time in its fundraising efforts.
The Tysons Corner, Virginia-based Bitcoin-buying company priced its initial public offering of 7.75 million shares of its euro-denominated Series A Perpetual Stream Preferred Stock (STRE) at €80 per share.
The STRE Stock carries a 10% annual cumulative dividend on its €100 stated value, payable quarterly in cash starting Dec. 31, 2025, according to a Friday press release.
The sale, expected to close on November 13, is expected to generate approximately €620 million ($715 million) in gross proceeds, which Strategy (formerly known as MicroStrategy) will primarily use to acquire more Bitcoin.
Unlike other preferred stock offerings, which are accessible to individual investors via popular retail brokerage Robinhood, STRE is to be listed on the Euro MTF Luxembourg exchange, which accommodates international issuers.
The new offering remains subject to market conditions.
Strategy, led by Michael Saylor, began acquiring Bitcoin in August 2020 by using $250 million of its excess cash to buy the benchmark crypto, marking the first step toward its aggressive accumulation plan.
Strategy has been making BTC acquisitions funded by proceeds from at-the-market sales of its Class A common stock (MSTR), perpetual Strike preferred stock (STRK), perpetual Strife preferred stock (STRF), and perpetual Stride preferred stock (STRD).
Strategy has amassed a 641,205 Bitcoin treasury, valued at approximately $65.1 billion at BTC’s current price of around $101,700. For perspective, the company currently holds more than 3% of the total Bitcoin supply.
Many public companies have been examining the possibility of becoming cryptocurrency treasury companies after witnessing Strategy’s resounding success.
