TLDR
- Strategy raises $715 million through Series A preferred stock for Bitcoin expansion.
- The company now holds 641,205 BTC, valued at $64.2 billion in November 2025.
- Strategy’s new stock offering promises a 10% annual dividend, paid quarterly.
- The sale of preferred stock helps Strategy continue its Bitcoin acquisition strategy.
Strategy Inc., led by Michael Saylor, has successfully raised $715 million through the sale of a new Series A Perpetual Stream Preferred Stock (STRE). This offering, priced at €80 per share, aims to further expand the company’s Bitcoin holdings, which have made it the largest publicly traded company in possession of the cryptocurrency. The funds raised will primarily go toward acquiring more Bitcoin to strengthen the company’s treasury.
Company Expands Its Reach to European Investors
Strategy’s latest move marks the company’s first public offering of a Euro-denominated preferred stock. The offering targets both European and global institutional investors, indicating Strategy’s growing presence beyond U.S. markets. The company priced 7.75 million shares of STRE stock at €80 each, generating approximately €620 million ($715 million) in gross proceeds.
With the settlement scheduled for November 13, 2025, the funds raised will help the company maintain its aggressive Bitcoin accumulation strategy. “We are excited to tap into European institutional investor demand for Bitcoin-related assets,” Michael Saylor, CEO of Strategy, said in a statement. The company’s approach to raising capital through preferred stock has gained popularity as the firm seeks alternative avenues for funding amid Bitcoin market fluctuations.
Bitcoin Holdings and Strategy’s Growing Corporate Treasury
Strategy’s Bitcoin holdings now stand at 641,205 BTC, valued at $64.2 billion at current prices. This positions the company among the top 10 U.S. corporate treasuries, surpassing tech giant NVIDIA. The purchase of an additional 397 Bitcoin, valued at $45.6 million, was disclosed alongside the offering. This expansion of holdings comes as Strategy continues to prioritize Bitcoin as its primary reserve asset, a distinction that sets it apart from other companies holding traditional cash reserves.
The sale of STRE stock will bolster Strategy’s ability to further diversify its treasury while navigating the challenges of a volatile cryptocurrency market. The company’s approach to treasury management has resulted in a 26.1% year-to-date Bitcoin yield for 2025, driven by active market participation and recovery following the previous year’s downturn.
Investor Benefits and Stock Terms
The newly issued STRE shares offer a 10% annual dividend, payable quarterly in cash, beginning December 31, 2025. However, the dividends are subject to board declaration. In the case of missed payments, dividends will compound quarterly, starting at 11% annually and increasing by 1% per quarter until reaching a maximum rate of 18% annually.
The offering’s terms were designed to attract institutional investors, especially those interested in the higher yields typically associated with preferred stock offerings. “We believe this structure allows us to secure needed capital while providing attractive returns to investors,” Saylor explained.
Strategy is working with several financial institutions, including Barclays, Morgan Stanley, and TD Securities, to manage the offering. Despite the recent downturn in Bitcoin prices, which have dipped to around $100,000 per BTC, the company remains confident in its long-term Bitcoin strategy.
Challenges in the Bitcoin Market
The decline in Bitcoin’s price has led to concerns over the viability of Bitcoin-heavy corporate treasuries. Strategy has faced some pressure from market fluctuations, with its Bitcoin holdings seeing unrealized gains drop from over $15 billion a month ago to $11.7 billion today. This reduction reflects the broader challenges in the cryptocurrency market, but the company’s management remains focused on its long-term vision of acquiring and holding Bitcoin.
Strategy’s ability to attract investors through the STRE offering, despite the volatility in Bitcoin’s price, suggests confidence in its strategy and long-term prospects for the cryptocurrency market.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
