Michael Saylor’s Strategy has acquired an additional $45 million worth of Bitcoin and is planning a euro-denominated preferred stock offering, designated as STRE, to finance further Bitcoin purchases.
The company disclosed in a Securities and Exchange Commission (SEC) filing that it purchased 397 Bitcoin last week at an average price of $114,771. This acquisition brings Strategy's total Bitcoin holdings to 641,205 BTC, purchased for $47.49 billion and currently valued at approximately $66.7 billion.
In a separate press release, Strategy announced its intention to sell 3.5 million euro-denominated perpetual preferred shares, or STREs. The proceeds from this offering are intended to fund future Bitcoin purchases and address other corporate needs. The company noted that the offering is contingent upon market conditions.
Each STRE share will have a face value of €100 and carry an annual dividend of 10%, payable quarterly starting from late 2025, if declared. Any missed dividend payments will accrue interest and increase by one percentage point annually until they are fully paid.
Strategy is offering $STRE (“Stream”), our first ever Euro-Denominated Perpetual Preferred Stock, to European and global institutional investors. $MSTR pic.twitter.com/tCectc2uA2
— Michael Saylor (@saylor) November 3, 2025
If Strategy misses a dividend payment, the amount that was intended to be paid will earn additional interest that compounds quarterly, the company stated. In such a situation, the dividend rate will increase by 1% per year until Strategy makes up for the missed payments.
Strategy also indicated that if it is unable to pay any dividends to STRE shareholders, it must issue a “notice of deferral.” Following this notice, the company will endeavor to raise funds to pay investors their dividends within 60 days. To cover these deferred payments, Strategy mentioned it might consider selling other classes of its stock.
Strategy retains the option to buy back or redeem all STRE shares in cash under two specific conditions. The first condition is met if fewer than 25% of the originally issued shares remain outstanding. The second condition involves the occurrence of certain tax-related events.
Strategy Builds On Existing Preferred Stock Offerings
The STRE offering represents the latest addition to Strategy’s portfolio of preferred stock offerings, which currently includes STRF, STRK, STRD, and STRC.
STRF provides investors with cumulative dividends at a fixed annual rate of 10% on a stated amount, irrespective of whether dividends are declared. STRK offers a fixed dividend rate of 8% per annum and incorporates a conversion feature.
STRD, meanwhile, has a 10% annual dividend rate. Lastly, STRC offers investors dividends that are adjusted monthly and are paid in cash once declared by the company.
Strategy has already begun utilizing proceeds from these stock offerings to purchase Bitcoin.
Strategy commenced its Bitcoin purchasing activities in 2020 and is recognized as the originator of the digital asset treasury (DAT) model. Numerous companies have since adopted Strategy’s approach, with some applying the model to other cryptocurrencies such as Ethereum (ETH), Toncoin (TON), and Solana (SOL).
Strategy has acquired 397 BTC for ~$45.6 million at ~$114,771 per bitcoin and has achieved BTC Yield of 26.1% YTD 2025. As of 11/2/2025, we hodl 641,205 $BTC acquired for ~$47.49 billion at ~$74,057 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/yJfoyeNzCm
— Strategy (@Strategy) November 3, 2025
The company’s Bitcoin buying activity has seen a recent slowdown. In October, Strategy purchased 778 BTC, marking one of the smallest monthly acquisitions in recent years. In September, the company acquired 3,526 BTC.
Strategy’s Share Price Plunges
Strategy's stock has experienced a decline of more than 10% this week and over 28% in the past month.
