Strategy Inc., a software firm led by billionaire Michael Saylor, announced that it has priced its initial public offering of 10% Series A Perpetual Stream Preferred Stock, known as STRE.
The company said the offering will raise about $715 million and will officially close on November 13, 2025, after getting final approvals. The raised money will be used to expand the business and purchase more Bitcoin (BTC) as part of its plan.
The offering includes 7.75 million shares priced at €80 each. The total amount raised is higher than the company’s previous plan of €350 million because more investors wanted to take part.
After paying all fees and expenses, Strategy expects to keep around $702.2 million. The company based these numbers on the euro-to-dollar rate of €1.00 to $1.1534, as reported by the company.
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