Strategy (MSTR) Introduces Euro-Denominated Stream Preferred Stock Following Q3 Earnings

Strategy (MSTR) has launched a euro-denominated perpetual preferred stock called Stream (STRE), offering a 10% annual dividend to institutional investors within the European Economic Area (EEA). The new offering, priced at 100 euros ($115) per share, will be listed on the Euro MTF Luxembourg and aims to facilitate bitcoin acquisitions and support working capital. STRE will compound dividends quarterly if unpaid, with a maximum yield of 18%. It ranks senior to certain stocks yet junior to others and is non-callable except in specific tax scenarios. The issuance underscores Strategy's initiative to broaden its bitcoin-linked financing to European markets, contributing to its strategic growth plan following recent earnings.

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