Strategy Launches 3.5 Million Euros Public Offering of Preferred Shares (STRE) Offering a Cumulative Yield of 10% to Fund Further Massive Bitcoin Purchases and Bolster its Treasury.
Michael Saylor is far from finished. The head of Strategy, currently the world’s largest digital asset treasury, is gearing up for a new euro fundraising to finance another wave of Bitcoin purchases. The company announces a public offering of 3.5 million perpetual preferred shares STRE, denominated in euros, with a clear goal: to accumulate even more BTC and support its ongoing operations.
Strategy specifies that the funds will be used for its “general treasury needs“, but no one is fooled: the primary goal remains to buy more Bitcoin. As always, the timing of the operation will depend on market conditions, but the intention is clear, to further increase the group’s dominance in the digital asset market.
An European Style Fundraising for Strategy
These new STRE shares will offer a cumulative annual yield of 10% on a nominal value of 100 euros, payable quarterly in cash from December 31, 2025. And that’s not all: unpaid dividends will be capitalized, with a rate increasing from 11% to a maximum of 18% in case of deferral. An aggressive financial strategy, designed to attract European institutional investors eager for exposure to Bitcoin… without directly investing in cryptocurrencies.
Monday evening, the company revealed that it bought 397 additional BTC for around $45.6 million, at an average price of $114,771 per bitcoin. This brings Strategy’s total to 641,205 BTC, an all-time record for a publicly traded company.
Despite this announcement, MSTR’s stock continues its monthly drop to nearly 25%. A correction deemed temporary by analysts from Mizuho, TD Cowen, and Benchmark, who believe that Strategy’s model remains “largely sustainable” by 2026.
The Saylor Bet Continues
Since his initial $250 million purchase in August 2020, Michael Saylor has made Bitcoin the cornerstone of his corporate strategy. With a combination of share and bond issuances, he has built a unique model: the Digital Asset Treasury (DAT), which involves transforming a company’s capital into a lever for accumulating Bitcoin.
The previous securities, STRK, STRF, STRD, have already fueled these massive purchases. And with STRE, Saylor is now expanding his empire to Europe, a strong signal in a context where institutional demand for BTC remains strong, despite market volatility.
Tense Market, Unwavering Vision
Saylor continues to bet on one conviction: Bitcoin remains the ultimate store of value. And if he needs to issue shares in euros to buy more, he will, over and over.
