Strategy (formerly MicroStrategy) on Friday said it has upsized the deal from €350 million to €620 million for STRE perpetual preferred stock offering.
The company decided STRE stock public offering price of €80 per share. At the time of writing, MSTR stock price was down 4% to $227.50 in premarket trading hours, after a nearly 7% drop on the previous day.
Strategy Announces Pricing of STRE Initial Public Offering
According to a press release on November 7, Strategy announced $85.00 as the public offering price for STRE perpetual preferred stock.
The company had proposed offering 7,750,000 shares of 10.00% Series A Perpetual Stream Preferred Stock for corporate purposes, including buying more Bitcoin.
Moreover, Chairman Michael Saylor in an X post further revealed that the Stream perpetual preferred stock (STRE) offering was upsized from the initial €350 million to €620 million. As per the disclosure,
Also, joint book-running managers are Barclays, Morgan Stanley. International plc, Moelis & Company, SG Americas Securities, TD Securities (USA), Canaccord Genuity, and StoneX Financial.
Strategy Announced STRE Cumulative Dividends
As revealed earlier by Strategy, STRE will have cumulative dividends. It means 10% annual dividends on the amount or €100 per share.
Besides, the company planned to pay regular dividends on the STRE Stock quarterly, beginning on December 31, 2025.
The issuance and sale of the STRE stock are scheduled for next week on November 13. Strategy offered STRD, STRK, and STRF stock this year to raise funds and acquire more Bitcoin.
STRD price has dropped 8.31% in a month. As The Coin Republic reported, Strategy last acquired 397 BTC for $45.6 million at an average price of $114,771 per Bitcoin.
With the latest purchase, Strategy expanded its Bitcoin holdings to 641,205 BTC.
MSTR Stock Falls as Bitcoin Price Slips Under $100K
Bitcoin price tumbled below $100K today as a result of crypto options expiry and crypto market crash jitters. However, at the time of writing, the price had recovered slightly at $100,122 .
Marginal buying was also recorded in the derivatives market, but the overall sentiment remained bearish amid rising uncertainty.
As a result, MSTR stock slumped more than 4% in premarket trading hours today. The stock price closed almost 7% lower at $237.20 on Thursday, reducing the year-to-date return to negative 18%.
The post Breaking: Strategy Upsizes STRE Preferred Shares Offering to €620M, MSTR Stock Falls 4% appeared first on The Coin Republic.