Strategy plans to issue euro-denominated perpetual preferred shares (STRE), with net proceeds used to purchase BTC and others
ChainCatcher News, Strategy Inc announced today 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 (abbreviated as "STRE Stock").
Strategy plans to use the net proceeds from this issuance for general corporate purposes, including purchasing bitcoin and supplementing operating funds.
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