Overview
- Strategy plans to sell 3.5 million STRE shares at €100 each with a 10% cumulative annual dividend paid quarterly beginning December 31.
- Proceeds are earmarked for additional Bitcoin purchases and general corporate purposes under the company’s Bitcoin‑first treasury approach.
- Sales are limited to professional investors in the European Economic Area and the UK, with no retail participation in line with regional regulations.
- Barclays, Morgan Stanley, Moelis and TD Securities are joint bookrunners, and the euro‑denominated preferred shares are being offered off an effective SEC shelf registration.
- Dividend terms include accrual and compounding if unpaid, with certain redemption and repurchase features disclosed, as the company reports holdings of about 641,205 BTC.