---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-262819"
form_type: "8-K"
ticker: "MSTR"
cik: "0001050446"
company_name: "Strategy Inc"
filed_at: "2025-11-03T23:59:59+00:00"
generated_at: "2026-05-17T00:49:10.831635+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Strategy Inc plans IPO of €350M 10% Perpetual Stream Preferred Stock (STRE) for bitcoin buys

## Summary
- Plans to offer 3,500,000 shares of 10.00% Series A Perpetual Stream Preferred Stock at €100 stated amount per share.
- Dividends payable quarterly at 10% annual rate; deferred dividends compound with rate increasing up to 18% per annum.
- Net proceeds to be used for general corporate purposes, including acquisition of bitcoin and working capital.
- Underwriters include Barclays, Morgan Stanley, Moelis, SG Americas, TD Securities, Canaccord Genuity, and StoneX.
- Liquidation preference of €100 per share, subject to daily adjustment based on market price after issuance.

## SEC filing metadata
- accession: 0001193125-25-262819
- form_type: 8-K
- ticker: MSTR
- cik: 0001050446
- company_name: Strategy Inc
- filed_at: 2025-11-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050446/000119312525262819/0001193125-25-262819-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050446/000119312525262819/d79833d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-262819
- JSON: https://secwatch.observer/filing/0001193125-25-262819.json
- Plain text: https://secwatch.observer/filing/0001193125-25-262819.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.