Strategy Files for Euro-Based STRE Share Offering to Expand Bitcoin Holdings

Highlights:

• Strategy plans to launch its STRE share IPO to buy more Bitcoin.
• The STRE stock offers a 10% yearly dividend, paid every three months from December 31.
• This is Strategy’s first euro-based product made for big investors in Europe.

Michael Saylor’s firm, Strategy, the world’s largest digital asset treasury company, has filed for an initial public offering of its euro-denominated perpetual preferred stock to finance future Bitcoin acquisitions. In a statement issued on Monday, the company announced plans to offer 3.5 million shares under the ticker STRE. Strategy said it will use the net proceeds from the offering for general corporate purposes, including buying Bitcoin and funding working capital.

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Strategy’s STRE Share Offering Focuses on European Institutional Investors

This is the first time Strategy has issued a euro-based financial product as it aims to attract European institutional investors. The STRE stock pays a 10% yearly dividend on its €100 ($115) value. The company will make payments every three months starting December 31.

Strategy said the stock is only for “qualified investors” in the EU and UK. It will not be available to regular investors in those regions. “Strategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and for working capital,” the announcement said.

Strategy is offering $STRE (“Stream”), our first ever Euro-Denominated Perpetual Preferred Stock, to European and global institutional investors. $MSTR pic.twitter.com/tCectc2uA2

— Michael Saylor (@saylor) November 3, 2025

Unlike the company’s regular MSTR shares traded on Nasdaq with voting rights, this new preferred stock is different. It has no voting rights but stands above common stock in the company’s capital structure. If the company is liquidated, preferred shareholders will receive their payments before common shareholders.

The company started this plan in August 2020 by using $250 million of its own money to buy Bitcoin. That was the first step in its big buying plan. It used money from selling its Class A stock (MSTR) and its preferred stocks, Strike (STRK), Strife (STRF), and Stride (STRD), to make recent Bitcoin purchases. Right now, Strategy owns 641,205 BTC worth $47.49 billion. It also bought 397 more Bitcoin at the start of November. Many other companies have followed the same idea, raising billions to buy Bitcoin and other coins like Ether.

Saylor Rules Out Mergers or Acquisitions

Saylor said on Thursday that Strategy will keep its current plan. He told investors the goal is to sell digital credit, grow the balance sheet, buy Bitcoin, and keep investors updated. Some experts think that too many new crypto firms could cause problems, and some may need to buy others to survive. 

During the third quarter, Saylor said the company has no plans for mergers or acquisitions, even if they seem profitable. He added that such deals often take months to complete and can lose their real value over time. Strategy CEO Phong Le said deals like mergers are hard and often come with hidden risks, even in software. He and Saylor said Strategy’s current plan, built on quick and clear digital transactions, gives the company a strong edge.

Strategy’s MSTR stock ended Monday at $264.67, down 1.8% for the day. Over the past month, the stock has slipped 24.73% and is now down 11.78% so far this year. Bitcoin also fell 3.21 %, trading at around $103,681, as per CoinMarketCap.

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