---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-280178"
form_type: "8-K"
ticker: "MSTR"
cik: "0001050446"
company_name: "Strategy Inc"
filed_at: "2025-11-13T23:59:59+00:00"
generated_at: "2026-05-16T20:06:46.546806+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Strategy Inc raises ~€620M via 10.00% Series A Perpetual Stream Preferred Stock IPO

## Summary
- Issued 7,750,000 shares of STRE Stock at €100 stated amount per share.
- Gross proceeds of approximately €620M ($716.8M); net proceeds ~€608.8M ($703.9M).
- Cumulative dividends at 10% per annum, compounded at increasing rates if unpaid, up to 18%.
- Company may redeem all shares if less than 25% remain outstanding; holders have fundamental change repurchase rights.
- Liquidation preference per share adjusts daily based on trading prices and sale transactions.

## SEC filing metadata
- accession: 0001193125-25-280178
- form_type: 8-K
- ticker: MSTR
- cik: 0001050446
- company_name: Strategy Inc
- filed_at: 2025-11-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050446/000119312525280178/0001193125-25-280178-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050446/000119312525280178/d205736d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-280178
- JSON: https://secwatch.observer/filing/0001193125-25-280178.json
- Plain text: https://secwatch.observer/filing/0001193125-25-280178.txt

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