Strategy announced on Friday that it has upsized its STRE perpetual preferred stock offering from €350 million to €620 million. The company has set the public offering price for STRE perpetual preferred stock at €80 per share. At the time of writing, MSTR stock price was down 4% to $227.50 in premarket trading hours, following a nearly 7% drop on the previous day.
According to a press release on November 7, Strategy announced $85.00 as the public offering price for STRE perpetual preferred stock. The company had initially proposed offering 7,750,000 shares of 10.00% Series A Perpetual Stream Preferred Stock for corporate purposes, which include acquiring more Bitcoin.
Furthermore, Chairman Michael Saylor revealed on X that the Stream perpetual preferred stock (STRE) offering was increased from the initial €350 million to €620 million. As per the disclosure, joint book-running managers for this offering include Barclays, Morgan Stanley, International plc, Moelis & Company, SG Americas Securities, TD Securities (USA), Canaccord Genuity, and StoneX Financial.
Strategy Announced STRE Cumulative Dividends
Strategy previously stated that STRE will feature cumulative dividends, meaning it will accrue 10% annual dividends on the amount or €100 per share. The company plans to pay regular dividends on the STRE Stock on a quarterly basis, commencing on December 31, 2025.
The issuance and sale of the STRE stock are scheduled for the following week, on November 13. Strategy has offered STRD, STRK, and STRF stock this year to raise funds for additional Bitcoin acquisitions.
STRD price has seen a decrease of 8.31% over the past month. As previously reported, Strategy recently acquired 397 BTC for $45.6 million, with an average price of $114,771 per Bitcoin. This latest purchase has expanded Strategy's total Bitcoin holdings to 641,205 BTC.
MSTR Stock Falls as Bitcoin Price Slips Under $100K
Bitcoin price experienced a significant drop, falling below $100K today, attributed to crypto options expiry and broader market jitters. However, by the time of writing, the price had shown a slight recovery to $100,122.
While marginal buying activity was observed in the derivatives market, the overall market sentiment remained bearish due to increasing uncertainty. Consequently, MSTR stock declined by more than 4% in premarket trading hours today. The stock price closed Thursday down nearly 7% at $237.20, bringing its year-to-date return into negative territory at -18%.