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TYSONS CORNER - Strategy Inc (Nasdaq:STRF/STRC/STRK/STRD/MSTR) announced Monday its intention to conduct an initial public offering of 3,500,000 shares of its 10.00% Series A Perpetual Stream Preferred Stock, subject to market and other conditions.
The company stated it plans to use the net proceeds from the offering for general corporate purposes, including bitcoin acquisition and working capital.
According to the press release, the STRE Stock will accumulate cumulative dividends at a rate of 10.00% annually on the stated amount of €100 per share. Regular dividends will be payable quarterly when declared by Strategy’s board, beginning December 31, 2025.
The company outlined that unpaid regular dividends will accumulate additional compounded dividends at an initial rate of 11% per annum, which can increase by 100 basis points each subsequent dividend period up to a maximum of 18% per annum.
The liquidation preference of the STRE Stock will initially be €100 per share, with adjustment mechanisms based on trading prices after issuance.
Strategy indicated it will have the right to redeem all shares if the total outstanding falls below 25% of the originally issued amount, or if certain tax events occur.
The joint book-running managers for the offering include Barclays Bank PLC, Morgan Stanley & Co. International plc, Moelis & Company LLC, SG Americas Securities, LLC, TD Securities (USA) LLC, Canaccord Genuity Limited and StoneX Financial Inc.
The offering is being made pursuant to an effective shelf registration statement filed with the SEC, according to the company statement.
In other recent news, Strategy Inc reported significant financial updates, including $2.8 billion in net income for the third quarter of 2025. The company also disclosed $3.9 billion in unrealized gains from its bitcoin holdings during the same period. Management has maintained its full-year guidance for key bitcoin metrics and earnings outlook. Additionally, Strategy Inc conducted an ATM offering, selling 76,017 shares of its Series A Perpetual Strife Preferred Stock, raising net proceeds of $8.4 million.
In terms of analyst activity, Canaccord Genuity raised its price target for MicroStrategy to $474, citing the company’s bitcoin yield strategy as a key factor. H.C. Wainwright reiterated a Buy rating with a $475 price target, expressing confidence in the company’s performance. Conversely, Cantor Fitzgerald lowered its price target to $560 from $697, pointing to a reduced modified Net Asset Value affecting treasury operations. Benchmark maintained a Buy rating with a $705 price target following the company’s robust third-quarter results. These developments reflect the ongoing interest and varied perspectives among analysts regarding Strategy Inc’s financial strategies and market position.
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