Overview
- The euro-denominated Series A Perpetual Stream Preferred was upsized on heavy institutional demand, lifting gross proceeds to about $715 million.
- Shares were priced at €80 with settlement on Nov. 13, netting roughly €608.8 million and paying a 10% quarterly dividend that can compound up to 18% if deferred.
- Distribution targeted qualified investors, with the EU and UK retail markets excluded under the offering terms.
- The company said proceeds will primarily fund additional Bitcoin purchases and liquidity, and it now reports about 641,205 BTC after buying 397 coins.
- The STRE ranks above STRK, STRD and common stock but below STRF, STRC and debt, and offering documents permit asset sales to cure any missed dividends within 60 days.