Strategy Inc., the world’s first and largest Bitcoin treasury company, has successfully priced its initial public offering of Series A Perpetual Stream Preferred Stock (STRE Stock), raising approximately $715 million (€620 million).
The company plans to use the proceeds primarily to acquire additional Bitcoin and bolster its working capital.
The offering, announced on November 6, 2025, consists of 7.75 million shares priced at €80 each, with settlement expected on November 13, subject to customary closing conditions.
Strategy STRE Stock Promises Big Yields to Investors
Strategy expects to receive net proceeds of around €608.8 million ($702.2 million) after underwriting and offering expenses, based on an exchange rate of €1.00 to $1.1534.
This development follows Coingape’s report on November 4, revealing Strategy’s intent to offer its perpetual STRE preferred stock, which is the first-ever Euro-denominated preferred stock offering targeted at both European and global institutional investors.
CoinGape initially reported that the company aimed to raise around $405 million, but Michael Saylor, Strategy’s chairman and CEO, announced today that the offering had been upsized to $715 million due to strong investor demand.
The joint book-running managers for the offering include Barclays, Morgan Stanley International plc, Moelis & Company, SG Americas Securities, TD Securities (USA), Canaccord Genuity, and StoneX Financial.
Each STRE share carries a 10% annual dividend, payable quarterly in cash starting December 31, 2025, provided the board declares it.
According to the investor details, if any dividend payment is missed, the unpaid amount will compound quarterly, starting at 10% plus 100 basis points (11%), and increase by an additional 100 basis points per quarter up to a maximum rate of 18% annually until all owed dividends are paid.
In the event of deferred dividends, Strategy will make reasonable efforts within 60 days to sell portions of its STRK, STRD, and MSTR class A common stock to cover the payments.
26.1% YTD Bitcoin Yield Puts Strategy Ahead of NVIDIA in U.S. Treasury Rankings
On November 6, Strategy also disclosed the addition of 397 Bitcoin (BTC) to its balance sheet, valued at approximately $45.6 million.
The purchase brought the company’s total holdings to 641,205 BTC, acquired at an aggregate cost of $47.49 billion.
In an update shared by Michael Saylor on X, Strategy reported achieving a 26.1% Bitcoin yield year-to-date in 2025, driven by active treasury management and the crypto market’s recovery earlier this year.
With the consistent accumulation, Strategy has entered the top 10 largest U.S. corporate treasuries, surpassing NVIDIA.
The company now boasts a $64.2 billion reserve, ranking behind only Berkshire Hathaway, Amazon, Google, Microsoft, Apple, Ford, Meta, and General Motors.
Source: Strategy’s XNotably, Strategy remains the only company in this group that holds Bitcoin instead of traditional cash or cash equivalents as its primary reserve asset.
Bitcoin’s Drop to $100K Tests Investor Nerves, But Strategy Doubles Down
Despite the strong treasury position, Strategy’s unrealized Bitcoin gains currently stand at $11.7 billion, down from over $15 billion a month ago amid Bitcoin’s recent correction.
The repeated Bitcoin price crash to $100K has caused investors to be cautious with Bitcoin treasuries, making BTC accumulation slow down amongst institutions and even retail investors.
BTC price is now trading around $101,479, down more than 7% in the past week, and attempting a breakout above $104k twice in the last 4 days.
Source: https://coingape.com/strategy-raises-715m-to-buy-more-bitcoin-through-new-preferred-stock/
