Back

Strategy’s STRE Perpetual Preferred Shares Raise $715M Despite Weak Market Reception

Strategy’s STRE perpetual preferred shares launched in Europe in November raised $715M but faced weak demand due to limited access and trading restrictions.

Summary

Strategy launched STRE perpetual preferred shares in Europe last November, priced at €80 per share with a 10% annual dividend, raising $715 million. Market reception was weak due to limited access on Euro MTF, trading restrictions on mainstream platforms, and a lack of transparent pricing data.

Terms & Concepts
  • Perpetual preferred shares: A class of preferred stock with no maturity date, typically paying fixed dividends indefinitely.
  • Euro MTF: An alternative trading platform in Europe offering listing and trading services for debt and equity securities.
  • Dividend: A payment made by a corporation to its shareholders, typically as a distribution of profits.