Overview
- The STRE preferred shares were priced at €80 each with settlement expected on November 13.
- Net proceeds are estimated at about €608.8 million ($702 million) earmarked for additional Bitcoin acquisitions and operational liquidity.
- The securities pay a 10% annual dividend in quarterly installments, with unpaid amounts compounding up to 18% and a provision to sell select holdings to cover missed payments within 60 days.
- Strategy disclosed a purchase of 397 BTC, lifting total holdings to 641,205 coins with a cumulative cost basis near $47.49 billion.
- Recent market swings reduced unrealized gains to roughly $11.7 billion as Bitcoin fluctuated near the $100,000 level.