Strategy Announces Pricing of Initial Public Offering of € Denominated STRE Stock

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[{"type":"text","content":" TYSONS CORNER, Va.--(BUSINESS WIRE)--\nStrategy Inc (Nasdaq: STRF/STRC/STRK/STRD/MSTR) today announced the pricing of its initial public offering on November 6, 2025 of 7,750,000 shares of 10.00% Series A Perpetual Stream Preferred Stock (the “STRE Stock”), at a public offering price of €80.00 per share. The issuance and sale of the STRE Stock is scheduled to settle on November 13, 2025, subject to customary closing conditions.\n\nStrategy’s gross proceeds to it from the offering will be approximately €620.0 million (or $715.1 million) and Strategy estimates the net proceeds to it from the offering will be approximately €608.8 million (or $702.2 million), after deducting the underwriting discounts and commissions and Strategy’s estimated offering expenses. Strategy’s gross proceeds and estimated net proceeds in U.S. dollars disclosed herein are calculated based upon the Euro to U.S. dollar exchange rate of €1.00/$1.1534 as of 12:30 P.M. (New York City time) on November 6, 2025 on the Bloomberg page “BFIX.”\n\nStrategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and for working capital.\n\nThe STRE Stock will accumulate cumulative dividends (“regular dividends”) at a rate per annum equal to 10.00% on the stated amount thereof, which is €100 per share of STRE Stock. Regular dividends on the STRE Stock will be payable when, as and if declared by Strategy’s board of directors or any duly authorized committee thereof, out of funds legally available for their payment, quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, beginning on December 31, 2025. Declared regular dividends on the STRE Stock will be payable solely in cash. In the event that any accumulated regular dividend on the STRE Stock is not paid on the applicable regular dividend payment date, then additional regular dividends (“compounded dividends”) will accumulate on the amount of such unpaid regular dividend, compounded quarterly. The compounded dividend rate applicable to any unpaid regular dividend that was due on a regular dividend payment date will initially be a rate per annum equal to 10% plus 100 basis points; provided, however, that, until such unpaid regular dividend, together with compounded dividends thereon, is paid in full, such compounded dividend r...

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