Strategy seeks to issue euro-denominated preferred shares to purchase Bitcoin

Uk Jin

Summary

Strategy said it is seeking a public offering of euro-denominated perpetual preferred shares STRE to expand its Bitcoin accumulation.
STRE shares provide a cumulative annual dividend of 10%, and the funds from the offering will be used for Bitcoin purchases and operating expenses.
Brokerages assessed that Strategy's Bitcoin purchasing model will remain sustainable in 2026.

Bitcoin (BTC) largest holder Strategy (formerly MicroStrategy) is seeking to conduct a public offering of euro-denominated perpetual preferred shares 'STRE' to expand its Bitcoin accumulation strategy.

On the 4th (Korean time), according to crypto-focused outlet The Block, Strategy will offer 3.5 million STRE shares. Funds raised through this offering will be used to purchase Bitcoin and for operating expenses.

STRE shares will pay a cumulative annual dividend of 10% based on a par value of 100 euros, and quarterly dividends will begin on December 31, 2025.

Mizuho, TD Cowen, and Benchmark said in reports that "the slowdown in Strategy's Bitcoin purchasing pace is more cyclical than structural" and that "it will maintain a sustainable purchasing model in 2026."

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