Important takeaways
- Strategy increased Stream’s perpetual preference share offering to €620 million.
- Proceeds from the offering will support general corporate purposes, including the acquisition of Bitcoin.
Strategy, a Nasdaq-listed company focused on leveraging financial instruments to expand its Bitcoin holdings, has increased its offering Stream perpetual preference shares (STRE) at 620 million euros, equivalent to about 717 million dollars.
The euro-denominated preferred stock instrument supports Strategy’s corporate operations and crypto acquisitions. The company recently announced plans to allocate the proceeds from this offering to general corporate purposes, including Bitcoin purchases.
This expanded offering is in line with Strategy’s pattern of issuing perpetual preferred stock to capitalize on investor interest in its Bitcoin accumulation strategy. Stream’s perpetual preferred share represents Strategy’s expansion into euro-based financing tools, building on its series of similar preferred shares.
