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Strategy plans to issue euro-denominated perpetual preferred shares (STRE), with net proceeds used to purchase BTC and others
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ChainCatcher News, Strategy Inc announced today that, subject to market and other conditions, the company plans to issue long-term euro-denominated credit instruments—3,500,000 shares of Strategy 10% Series A Perpetual Stream Preferred Stock (abbreviated as "STRE Stock").
Strategy plans to use the net proceeds from this issuance for general corporate purposes, including purchasing bitcoin and supplementing operating funds.
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