Strategy adds Europe to capital raising efforts, securing $715 million in latest preferred offering

STRE, known as "Stream," is the company's latest preferred stock offering as Michael Saylor and his team begin raising funds overseas to purchase more Bitcoin.

• The strategy raised €620 million ($715 million) by selling 7.75 million shares of 10% Series A Perpetual Stream Preferred Stock at €80 per share, with settlement expected on November 13th.

• This latest series of preferred stock, called STRE or "Stream," marks the company's expansion overseas in its fundraising efforts.

• MSTR's common shares continue to fall sharply, falling another 5% in early trading Friday as Bitcoin fell back to $100,000.

• Michael Saylor and the team at Strategy (MSTR) have officially expanded overseas as they seek to tap new funding markets in their quest to acquire even more Bitcoin (BTC$102,585.60).

• Strategy, the largest publicly traded company holding Bitcoin, priced its initial public offering of 7.75 million shares of 10% Series A Perpetual Stream Preferred Stock (STRE) at €80 per share.

• According to a press release issued on Friday, the sale, expected to close on November 13, will generate gross proceeds of approximately €620 million ($715 million), from which the company will primarily acquire additional Bitcoin.

• STRE stock yields a 10% annual dividend on its stated value of €100, payable quarterly beginning December 31, if declared by the board. Unpaid dividends will accrue interest at an initial rate of 11%, which will increase by 1% per quarter to 18% until payment is made.

• Strategy already holds 641,205 Bitcoins, valued at approximately $64.1 billion, and the current price of BTC is approximately $100,000. In addition to the recent decline in Bitcoin's price, the premium at which investors are valuing Strategy's common stock relative to its Bitcoin holdings is also rapidly declining.

• This reduces the company's ability to raise funds through common stock sales, making these preferred issuances a preferred option if the company wishes to continue accumulating BTC.

• MSTR shares have fallen a further 5.3% pre-market to just $225, down nearly 50% since their 2025 peak less than four months ago.