---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-271105"
form_type: "8-K"
ticker: "MSTR"
cik: "0001050446"
company_name: "Strategy Inc"
filed_at: "2025-11-07T23:59:59+00:00"
generated_at: "2026-05-16T22:53:26.161290+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-271105
- form_type: 8-K
- ticker: MSTR
- cik: 0001050446
- company_name: Strategy Inc
- filed_at: 2025-11-07T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050446/000119312525271105/0001193125-25-271105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050446/000119312525271105/d78313d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-271105
- JSON: https://secwatch.observer/filing/0001193125-25-271105.json
- Plain text: https://secwatch.observer/filing/0001193125-25-271105.txt

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