Strategy Inc prices €620M preferred stock offering, net proceeds ~€609M for bitcoin buys

Strategy Inc

7,750,000 shares of 10% Series A Perpetual Stream Preferred Stock at €80/share; settlement Nov 13.
Gross proceeds ~€620M ($715M); net proceeds ~€609M ($702M) after underwriting discounts.
Net proceeds to be used for general corporate purposes, including bitcoin acquisitions and working capital.
Dividends accrue at 10% per annum cumulative, payable quarterly; compounded rate up to 18% if unpaid.
Joint book-runners: Barclays, Morgan Stanley, Moelis, SG Americas, TD Securities, Canaccord, StoneX.

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