Strategy Proposes 3.5 Million Share Euro-Denominated STRE Stock Offering
Strategy Inc Initial Public Offering
- Strategy Inc plans an IPO of 3,500,000 shares of 10.00% Series A Perpetual Stream Preferred Stock (STRE) with a face value of €100 per share.
- The STRE Stock offers cumulative dividends at a 10% annual rate.
- Net proceeds are intended for general purposes, including Bitcoin acquisition and working capital.
- Strategy holds 641,205 BTC as of November 3.
Dividend and Capital Structure Details
- Dividends will be funded through additional capital raising, including junior stock offerings.
- If regular dividends are not declared, efforts will be made to sell stock within 60 days to cover deferred dividends.
- STRE Stock targets European qualified investors and professional clients, excluding retail investors.
- Sits below $8.25 billion in existing debt and other stocks in Strategy's capital structure.
Dividend Payments and Future Plans
- Quarterly dividend payments start December 31, 2025; interest on missed payments begins at 11%, increasing quarterly.
- Recent Bitcoin acquisition increases total holdings to 641,205 BTC.
- Aims for global credit dominance with Bitcoin-backed securities.
- Barclays Bank PLC, Morgan Stanley & Co., Moelis & Company LLC, and others manage the offering.