Strategy issues Euro-preferred shares STRE to accelerate Bitcoin fundraising plan

Strategy recently filed an 8-K with the U.S. Securities and Exchange Commission (SEC), officially issuing 3.5 million shares of euro-denominated perpetual preferred stock STRE. This move marks the company’s continued advancement of its ambitious Bitcoin allocation strategy. According to official disclosures, this stock issuance is expected to provide a continuous fundraising channel to support its long-term layout in the crypto asset sector.

Continuing Bitcoin Accumulation, Holding Value Surges

Over the past week, Strategy has invested a total of $45.6 million, acquiring 397 Bitcoins at an average price of $114,771 per coin. As of now, the company’s total Bitcoin holdings have reached 641,205 coins. Based on the latest market price (BTC current price approximately $89.76K), the total holding value is approaching $57.6 billion.

Since launching its Bitcoin allocation strategy in 2020, Strategy founder and Executive Chairman Michael Saylor disclosed that the company has invested approximately $47.5 billion, with an average acquisition cost of $74,057 per Bitcoin. Despite recent market volatility, the company still maintains a substantial unrealized profit of over $10 billion.

Issuance of Multiple Perpetual Preferred Stocks, “42/42” Fundraising Plan in Progress

This STRE issuance is a key part of Strategy’s larger fundraising plan. The company has issued four perpetual preferred stocks—STRK (Strike), STRC, STRF (Strife), and STRD (Stride)—with issuance scales of $21 billion, $4.2 billion, $2.1 billion, and $4.2 billion respectively, totaling $31.5 billion.

These fundraising initiatives are core components of Strategy’s “42/42” strategic plan, aiming to raise $84 billion by 2027 through stock issuance, convertible bonds, and other financing tools, specifically for Bitcoin purchases. According to the company’s plan, the proceeds from this STRE issuance will be used for general operational purposes, including further expanding Bitcoin holdings and supplementing daily operational funds.

Euro-Denominated STRE Highly Attractive, Maximum Dividend Yield Reaches 18%

The newly issued STRE has a face value of €100 per share, with an initial annual dividend rate set at 10%, paid quarterly starting December 31, 2025. If dividends are not paid on time, they will accrue quarterly at a compounded rate, increasing the initial rate to 11%, with a 1% increase each period, up to a maximum of 18%.

This aggressive dividend design reflects Strategy’s determination to attract a diverse global investor base, especially in the European market. The euro-denominated structure also reduces foreign exchange risk for international investors, making it a quite attractive fixed-income asset. However, the issuance still depends on market conditions and regulatory review progress.

Looking Ahead, Bitcoin Strategy Continues to Evolve

Through the issuance of multiple perpetual preferred stocks, Strategy is building a large and stable financing ecosystem. This aggressive approach to corporate Bitcoin holdings demonstrates strong confidence in the long-term value of crypto assets and provides a unique institutional-level allocation model for the market. With the continued issuance of new stocks like STRE and ongoing fundraising plans, Strategy is expected to further expand its Bitcoin holdings in the coming years, realizing its grand asset allocation vision.