secwatch.observer — SEC 8-K summary
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Issuer:     Strategy Inc (MSTR)
CIK:        0001050446
Form:       8-K
Filed at:   2025-11-07T23:59:59+00:00
Accession:  0001193125-25-271105
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050446/000119312525271105/0001193125-25-271105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050446/000119312525271105/d78313d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-271105

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer