Strategy Reveals New IPO With Coming Launch of Preferred Stock ‘STRE’
The world’s largest corporate holder of Bitcoin (BTC) says it plans to launch a new initial public offering (IPO) of a euro-denominated perpetual preferred stock.
Strategy (MSTR) says it plans to issue 3.5 million shares of the Series A Perpetual Stream Preferred Stock (STRE).
The Bitcoin treasury firm intends to use the proceeds from the offering for general corporate purposes, which include bolstering its working capital and funding the acquisition of more BTC.
The company already holds 641,205 of the flagship cryptocurrency worth over $65 billion based on the asset’s current price of $101,967.
STRE will be offered at 100 euros ($115) per share, which will accumulate cumulative dividends equivalent to 10% of the stock’s price per year. Strategy says the declared regular dividends will be paid quarterly in cash starting December 31st this year.
“If Strategy fails to declare a regular dividend on or prior to a given regular record date, such failure will constitute the issuance of a notice of deferral.”
The regular dividends will compound quarterly if not paid on time. Strategy says continued failure to fully settle the regular dividends and the compounded dividends will increase the rate by 100 basis points per annum for each subsequent regular dividend period up to a maximum rate of 18% per year.
STRE will follow Strategy’s other preferred stocks in the US, including the 8% Convertible Preferred Stock (STRK), the 10% fixed-rate Income-Focused Preferred Stock (STRF), the 10% non-cumulative High-Yield Higher-Risk Preferred Stock (STRD) and the variable-rate High-Yield Stable Preferred Stock (STRC).
Featured Image: Shutterstock/U2M Brand/Panuwatccn
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
TWT’s 2025 Tokenomics Revamp: Redefining Utility and Investor Rewards on Solana
- Trader Joe's (TWT) 2025 tokenomics prioritizes utility over speculation, offering gas discounts, DeFi collateral, and governance rights. - A deflationary model with 88.9B tokens burned creates scarcity, while loyalty rewards redistribute existing tokens to avoid dilution. - Community governance allows holders to vote on platform upgrades, aligning token value with ecosystem growth and user participation. - This Solana-based approach redefines DeFi incentives by linking price appreciation to real-world ut
HYPE Token: Evaluating Immediate Price Fluctuations and Speculative Dangers in the Meme-Based Cryptocurrency Sector
- HYPE token, a meme-driven crypto, relies on social media hype and influencer endorsements rather than traditional financial metrics. - The $TRUMP meme coin example highlights extreme volatility, with large profits for top wallets and massive losses for retail investors. - Institutional products like CMC20 exclude meme coins, signaling limited recognition of their market utility despite growing crypto infrastructure. - Regulatory scrutiny intensifies as SEC targets influencer promotions, while foreign inv
PENGU Token Value Soars: An In-Depth Technical and On-Chain Examination of Market Trends
- PENGU token's 12.8% 24-hour surge driven by Bitcoin's 4.3% rally and altcoin rebound. - Technical indicators show short-term bullish momentum conflicting with long-term bearish trends. - Whale activity and $8.91M in exchange inflows contrast with 2B token outflows and leveraged shorts. - NFT sales decline and DeFi innovations like CMC20 index token add downward pressure. - Analysts urge caution due to structural weaknesses despite short-term trading opportunities.
Banks Transform Finance: Cryptocurrency Adoption Sparks Fundamental Shifts
- LevelField Financial secures state approval to acquire Burling Bank, aiming to integrate crypto services into traditional banking with $70M deal. - Post-2023 crypto bank collapses, regulators adopt cautious openness, enabling LevelField's renewed acquisition bid amid Trump's "crypto capital" agenda. - SGX Derivatives launches Bitcoin/Ethereum futures targeting institutions, aligning with $187B daily crypto derivatives volume in Asia. - Grab and GoTo struggle to consolidate Southeast Asian fintech despite
Trending news
MoreCrypto prices
More
