Strategy Inc. Secures $715M to Expand Bitcoin Holdings Through Preferred Stock Offering

Strategy Inc., a pioneering Bitcoin treasury firm, has successfully raised $715 million (€620 million) through its Series A Perpetual Stream Preferred Stock (STRE Stock) offering. The funds will primarily enhance Bitcoin acquisitions and support the company's working capital.

The offering, announced on November 6, 2025, includes 7.75 million shares priced at €80 each, with settlement anticipated on November 13, pending customary conditions.

Investor Returns and Upsized Offering

Strategy Inc. anticipates net proceeds of approximately €608.8 million ($702.2 million) after expenses. Initially targeting $405 million, the offering was increased to $715 million due to strong investor demand, as confirmed by Chairman and CEO Michael Saylor.

The STRE stock promises a 10% annual dividend, payable quarterly in cash starting December 31, 2025, if declared by the board. Missed dividends will compound quarterly, starting at 11% and increasing by 100 basis points per quarter, capped at 18% annually, until paid.

Bitcoin Accumulation and Market Position

On November 6, Strategy Inc. added 397 Bitcoin (BTC) valued at $45.6 million to its reserves, totaling 641,205 BTC at a $47.49 billion cost. This strategic accumulation has placed the company among the top 10 largest U.S. corporate treasuries, surpassing NVIDIA, with a reserve of $64.2 billion.

Despite recent Bitcoin corrections, reducing unrealized gains to $11.7 billion from over $15 billion, Strategy remains committed to Bitcoin as a primary reserve asset, distinguishing it from peers holding traditional cash reserves.

Currently, Bitcoin trades around $101,479, reflecting a 7% decline over the past week, amid attempts to break above $104k.