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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.
BlockBeats news, on November 4th, according to official news, Strategy Inc announced today that, subject to market and other conditions, the company plans to issue a long-term euro-denominated credit instrument – 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.