Strategy Inc. Upsizes $715M Preferred Stock Offering to Fuel Massive Bitcoin Reserve

Strategy Inc., a leading advocate for corporate Bitcoin treasuries, has successfully priced its Series A Perpetual Stream Preferred Stock ($STRE), raising a substantial $715 million.

Here are the key takeaways from the major financing event:

• Massive Oversubscription: The initial target of $405 million was significantly increased to $715 million due to intense institutional demand, confirming strong investor confidence in the company’s Bitcoin strategy.
• Purpose of Funds: The net proceeds of approximately €608.8 million ($702.2 million) will be primarily used for acquiring more Bitcoin and securing operational liquidity.
• New Stock Details ($STRE):
  • Pricing: Priced at €80 per share, with settlement expected on November 13.
  • Dividend: Features a high 10% annual dividend, paid quarterly.
  • Safety Net: The company may liquidate some of its other holdings ($STRK, $STRD, or $MSTR) to cover any postponed dividend payments.
• Bitcoin Holdings Soar: Strategy has continued to accumulate Bitcoin, recently adding 397 BTC (valued at $45.6 million). Their total reserve now stands at a staggering 641,205 BTC, with a cumulative cost basis near $47.49 billion.
• Corporate Treasury Leader: The firm’s Bitcoin reserves, now valued at about $64.2 billion, have pushed it past NVIDIA and into the top 10 largest U.S. corporate treasuries, holding only Bitcoin instead of significant cash.
• Market Context: Despite recent market volatility that saw Bitcoin dip near $100,000, which has reduced Strategy’s unrealized gains from $15 billion to $11.7 billion, the company’s commitment to its long-term Bitcoin reserve strategy remains firm.

The successful, upsized offering reinforces Strategy’s position as the pioneer of the corporate Bitcoin standard.

November 2025, Cryptoniteuae