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Strategy plans to issue Euro-denominated perpetual preferred shares STRE, and the net proceeds will be used to purchase BTC and other assets.
On November 4, according to official news, Strategy Inc announced today that, market and other conditions permitting, the company plans to issue long-term euro-denominated credit instruments—3,500,000 shares of Strategy 10.00% 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 purchasing Bitcoin and supplementing operating funds.