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- Strategy launches its first Euro-denominated preferred stock offering.
- Funds will expand Bitcoin holdings despite a 26% monthly stock decline.
- Unrealized Bitcoin gains fall under $20 billion as BTC trades near $104K.
Strategy (formerly MicroStrategy), the largest corporate Bitcoin holder, has unveiled plans for a new perpetual STRE preferred stock offering — its first ever denominated in euros. The move aims to attract European institutional investors and raise fresh capital to buy more Bitcoin, reinforcing CEO Michael Saylor’s unwavering bet on the cryptocurrency.
First Euro-Denominated Offering Targets Global Institutions
The company plans to issue 3.5 million shares of its 10% Series A perpetual STRE preferred stock, according to its latest filing. Proceeds will be used for general corporate purposes, primarily to expand Strategy’s Bitcoin treasury and fund working capital needs.
Strategy is offering $STRE (“Stream”), our first ever Euro-Denominated Perpetual Preferred Stock, to European and global institutional investors. $MSTR pic.twitter.com/tCectc2uA2
— Michael Saylor (@saylor) November 3, 2025
The offering is managed by major investment banks including Barclays, Morgan Stanley, Moelis & Company, and others. Dividends on the preferred stock will be paid quarterly in cash, starting December 31, with any unpaid amounts compounding annually at 10% plus 100 basis points.
This marks a strategic effort to diversify its funding sources while appealing to European investors who may have been sidelined by U.S.-centric offerings.
MSTR Stock Slips Despite Analyst Confidence
Following the announcement, MSTR stock dropped 1.8% to $264.68, extending its month-long decline of over 26%. After-hours trading saw an additional 2.6% dip amid renewed Bitcoin market jitters.
Despite the pullback, Canaccord Genuity reiterated a buy rating on the stock, raising its price target to $474 after Strategy’s strong Q3 earnings — $2.8 billion in net income and $3.9 billion in unrealized Bitcoin gains.
Still, investors remain cautious as Bitcoin’s price weakness continues to pressure corporate BTC treasuries.
Also Read: Mantle (MNT) Falls 5% as Bitcoin Volatility Hits
Bitcoin Holdings Grow, Unrealized Gains Shrink
Strategy recently purchased 397 more BTC for $45.6 million, bringing its total holdings to 641,205 BTC. The firm’s total Bitcoin investment now stands at $47.49 billion, with a net asset value of $68.06 billion — reflecting unrealized gains of just under $20 billion, down from $30 billion earlier this year.
Bitcoin currently trades near $104,500, down over 3% in the past 24 hours, contributing to the reduced valuation.
Strategy’s Euro-based STRE offering underscores its long-term conviction in Bitcoin, even as volatility erodes short-term gains. While MSTR stock faces near-term headwinds, the move could position the company to capture renewed upside when Bitcoin recovers.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
