Strategy (ex-MicroStrategy) raises 620 million euros in Europe through a 10% annual return preferred stock offering, aiming to finance the purchase of new bitcoins.
A New Channel to Acquire More BTC
Michael Saylor is back in action. The American company Strategy (formerly MicroStrategy), already holding over 641,000 bitcoins, has just raised 620 million euros through a new issuance of preferred stocks called ‘Series A Perpetual Stream Preferred Stock’ or simply ‘STRE.’ This strategic move marks the giant’s official entry into the European markets to fund the acquisition of new bitcoins.
Saylor’s Strategy in the Face of Market Pressure
This fundraising comes at a delicate time for Strategy. The MSTR stock has dropped by over 5% during the session, trading around 225 dollars, marking a decrease of about 50% from its 2025 peak. This correction was accentuated by Bitcoin’s fall below 100,000 dollars, ending several months of euphoria. Simultaneously, the historical premium between the value of bitcoins held by MicroStrategy and the company’s market capitalization has significantly diminished, making it more challenging to raise funds through ordinary share issuances.
This is where preferred stocks like the STRE series make sense. Less dilutive and more stable, they allow Saylor to navigate market volatility while continuing to accumulate BTC.
Strategy, the Accumulation Machine
With 641,205 bitcoins, Strategy remains the world’s largest institutional holder, far ahead of Tesla or American spot ETFs. At $100,000 per Bitcoin, this amounts to approximately $64 billion in digital assets on the company’s balance sheet. This new European fundraising is part of an international expansion strategy. Saylor now aims to diversify its financing sources and attract European institutional investors, more familiar with fixed-income products than traditional stocks.
An Unchanged Conviction: ‘Bitcoin First’
Despite volatility, Michael Saylor’s strategy remains steadfast: convert all available capital into Bitcoin, whether it’s debt, bond issuances, or now preferred stocks. For him, every BTC dip is a buying opportunity. The ‘Stream’ operation lives up to its name: a continuous flow of capital into Bitcoin, fueled by a man convinced that digital currency will eventually surpass gold reserves and government bonds.
Strategy is not only raising funds but also reshaping the landscape of corporate finance in the Bitcoin era.
