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Strategy Raises €609 Million Through Preferred Shares for Bitcoin Acquisition 🏦
Strategy has priced its Series A Perpetual Stream Preferred Stock ($STRE) at €80 per share, aiming to raise approximately €608.8 million (about $659 million). The offering is scheduled to settle on November 13th.
Proceeds from the capital raise will be allocated toward expanding the company's Bitcoin ($BTC) holdings and general corporate purposes. The euro-denominated preferred shares will not be available to retail investors in the European Union or United Kingdom.
This marks Strategy's latest move to secure additional capital for Bitcoin ($BTC) acquisitions, continuing its established treasury strategy despite recent market conditions and credit rating assessments.
#Strategy #MSTR #Bitcoin #BTC #Funding $BTC