Strategy (formerly MicroStrategy), the company of top Bitcoin bull Michael Saylor, has announced its new Bitcoin move.
Accordingly, Strategy, the world’s largest digital asset treasury company, plans to offer euro-denominated perpetual preferred stock STRE to fund Bitcoin purchases and other corporate operations.
Strategy announced plans to issue 3.5 million shares of its 10.00% Series A Perpetual Current Preferred Stock (STRE), a euro-denominated credit instrument, subject to market conditions.
Proceeds will be used for general corporate purposes, including Bitcoin acquisitions and working capital support.
The euro-denominated STRE will be Strategy’s first financial instrument designed to channel funds into Bitcoin purchases for global investors.
The move, targeting European institutional investors, is seen as a step towards Strategy’s globalization of Bitcoin by expanding its reach beyond dollar-based systems.
Strategy Continues Weekly Bitcoin Purchases!
Strategy didn’t let this Monday pass by, announcing the purchase of 397 BTC for approximately $45.6 million at an average price of $114,771 per Bitcoin. With this latest purchase, the company’s total BTC holdings have increased to 641,205.
While the company’s Bitcoin purchases slowed in the third quarter compared to the first two quarters of the year, analysts noted that this slowdown appeared cyclical rather than structural. Market experts Mizuho, TD Cowen, and Benchmark noted that the company’s Bitcoin purchase pattern is largely sustainable and have positive expectations for 2026.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/big-bull-michael-saylor-announces-new-bitcoin-btc-move-this-time-the-target-is-europe/
