Strategy Inc Reports Initial Public Offering of Preferred Stock
Summary
Strategy Inc completed an initial public offering on November 13, 2025, issuing 7,750,000 shares of its new "10.00% Series A Perpetual Stream Preferred Stock" (STRE Stock). The offering generated gross proceeds of approximately €620.0 million ($716.8 million) and net proceeds of approximately €608.8 million ($703.9 million). The STRE Stock accumulates cumulative dividends at a rate of 10.00% per annum on a stated amount of €100 per share, payable quarterly starting December 31, 2025. This issuance involved filing a Certificate of Designations on November 12, 2025, establishing the stock's terms (via Ex. 3.1).
Why It Matters
This IPO of 7,750,000 shares of 10.00% Series A Perpetual Stream Preferred Stock, generating over €600 million in net proceeds, significantly alters Strategy Inc's capital structure. Investors should note the fixed 10.00% cumulative dividend obligation, which impacts future cash flow and shareholder rights.
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Key Quote
“00% on the stated amount thereof, which is €100 per share of STRE Stock.”
— From Item 3.03
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001050446
- Filing Date
- Thursday, November 13, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral