Strategy (MSTR) Introduces Euro-Denominated Stream Preferred Stock Following Q3 Earnings
Strategy (MSTR) has launched the Stream (STRE), a euro-denominated perpetual preferred stock targeting institutional investors. This new security will be listed on Euro MTF Luxembourg and is aimed at expanding the company’s bitcoin-linked financing into European markets. Each share is priced at 100 euros ($115) and offers a 10% annual dividend, which compounds quarterly if unpaid, potentially increasing to a maximum of 18%. The proceeds from this offering are intended to fund bitcoin acquisitions and support working capital. STRE is designed as non-voting shares, ranking senior to certain other securities but junior to debt. If dividends are not declared, a Deferral Notice must be issued, and efforts must be made to raise funds to cover unpaid dividends. This strategic move follows the company’s hints at an international listing, signaling its aggressive expansion strategy within the cryptocurrency financial market.
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