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Strategy is amplifying its bitcoin-driven growth model with a bold new euro-denominated preferred stock offering, blending traditional finance and digital assets as it expands capital reserves, boosts investor yield potential, and deepens cryptocurrency exposure.
Strategy Plans New Offering of Bitcoin-Linked 10% Series A Stream Preferred Stock
Investor appetite for hybrid asset-backed securities is strengthening as institutions blend traditional financial structures with digital asset exposure. Strategy Inc. (Nasdaq: STRF/STRC/STRK/STRD/MSTR) announced on Nov. 3 that it plans an initial public offering (IPO) of 3.5 million shares of its euro-denominated 10% Series A Perpetual Stream Preferred Stock (STRE), registered under the U.S. Securities Act of 1933.
The move reflects Strategy’s continuing expansion of its bitcoin-based capital allocation model, which has positioned the company as a bellwether for digital asset integration within corporate finance. The announcement states:
Strategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and for working capital.
The STRE shares will offer a 10% annual dividend, payable quarterly beginning Dec. 31, 2025, with compounded interest on deferred dividends that can rise to a maximum of 18% per year. The firm retains redemption rights under defined conditions, while investors can request repurchase in the event of a “fundamental change.”
Barclays Bank Plc, Morgan Stanley & Co. International Plc, Moelis & Company LLC, SG Americas Securities LLC, TD Securities (USA) LLC, Canaccord Genuity Ltd., and Stonex Financial Inc. are serving as joint book-running managers. The offering is open only to institutional investors within the European Economic Area and the United Kingdom, with retail participation prohibited.
Reinforcing its bitcoin-first strategy, Strategy Inc. is intensifying accumulation efforts to maintain its dominance as the world’s largest corporate holder of BTC. The company revealed on Nov. 3 that it had acquired 397 BTC for approximately $45.6 million at an average price of $114,771 per bitcoin during the week ending Nov. 2. Analysts view the simultaneous stock issuance and bitcoin accumulation as a coordinated effort to strengthen the firm’s capital structure while deepening exposure to digital assets, further linking traditional equity instruments to cryptocurrency market performance.