Strategy plans to issue euro-denominated perpetual preferred shares STRE, with net proceeds used to purchase BTC and other assets
Strategy Inc today announced that, subject to market and other conditions, the company plans to issue long-term euro-denominated credit instruments—3,500,000 shares of Strategy 10% Series A Perpetual Stream Preferred Stock (referred to as "STRE Stock").
Strategy plans to use the net proceeds from this issuance for general corporate purposes, including the purchase of Bitcoin and replenishing operating funds.
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