Strategy (MSTR) prices €620M euro preferred to buy more Bitcoin as stock nears 7‑month low; options traders eye bear call spreads
What’s new today: a euro preferred to extend the Bitcoin war chest Strategy Inc. (Nasdaq: MSTR) this morning priced a euro‑denominated perpetual preferred share offering—10.00% Series A Perpetual Stream Preferred Stock—at €80 per share for 7.75 million shares. Management expects ~€620 million in gross proceeds (~$715 million at €/$ 1.1534) and ~€608.8 million net, with proceeds earmarked for additional Bitcoin purchases and general corporate purposes. The company lists Barclays, Morgan Stanley, Moelis, SG Americas, TD Securities, Canaccord and StoneX as underwriters. Business Wire+1 A free‑writing prospectus released today details the instrument: stated amount €100 per share; 10% annual dividend paid