Michael Saylor’s Strategy has purchased $45 million worth of Bitcoin and announced plans for a euro-denominated preferred stock offering (STRE) to fund further BTC acquisitions.
According to an SEC filing, the company bought 397 BTC at an average price of $114,771, raising its total holdings to 641,205 BTC acquired for $47.49 billion, now valued at about $66.7 billion.
Strategy plans to issue 3.5 million STRE shares, each with a €100 face value and a 10% annual dividend payable quarterly from late 2025. Missed payments will accrue interest and rise by 1% per year until cleared. If dividends are deferred, Strategy must issue a notice of deferral and seek funds within 60 days, possibly through other stock sales.
The STRE joins previous offerings like STRF, STRK, STRD, and STRC, each with distinct dividend terms.
Since 2020, Strategy has led the digital asset treasury (DAT) model, using capital raises to amass one of the world’s largest corporate Bitcoin holdings.
Image Credit: Pixabay
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
