Strategy Raises $715 Million in Europe to Buy More Bitcoin
Strategy has raised $715 million through its STRE offering, a preferred share designed specifically for European investors. This latest effort comes as the company aims to finance the acquisition of more Bitcoin, having already amassed a substantial holding of 641,205 Bitcoin, valued at approximately $64.6 billion. The preferred stock offering, which is set to pay regular dividends, debuted at a price of €80, lower than initially anticipated. The STRE shares will be traded on the Euro MTF Luxembourg exchange and are designed to attract international investors. Unlike previous shares offered to retail investors in the U.S., this marks Strategy's first foray into the European market. The funds will also support daily operations as the company adapts to fluctuating Bitcoin prices, which recently dipped below the $100,000 threshold for the second time in a week. The move underscores the company’s ongoing strategy to continue building its Bitcoin treasury while navigating the complex investment landscape amid changing asset values.
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