Strategy Pursues European IPO to Bolster Its Expansive Bitcoin Treasury
Michael Saylor's firm is tapping European markets with a new stock issuance, aiming to significantly expand its already massive holdings of digital currency.
Furedata - Strategy, a prominent corporate Bitcoin holder, has filed for an initial public offering of perpetual stock denominated in euros. This move continues its aggressive cryptocurrency accumulation strategy.
The firm intends to issue 3.5 million shares under the ticker STRE. The net proceeds are earmarked for purchasing more Bitcoin and for covering general corporate expenses.
This new stock offers investors a 10% cumulative annual dividend, calculated on a stated value of 100 euros. Payments are scheduled to be disbursed to shareholders quarterly.
Information detailed by Cointelegraph (November 4, 2025), clarifies that the STRE stock is restricted to qualified investors in the EU and UK. Retail investors in these regions are explicitly excluded.
This capital-raising approach, initiated by founder Michael Saylor in mid-2020, involves issuing stock to fund BTC purchases, making Strategy the largest public corporate holder of Bitcoin.
The company’s treasury now contains 641,205 BTC, acquired for $47.49 billion. This follows a recent procurement of 397 Bitcoin at the beginning of November.
Saylor affirmed the company's commitment to this model, stating the focus remains on selling digital credit and using the funds to enhance its balance sheet with Bitcoin.
Despite analyst concerns about market saturation necessitating consolidation, Saylor dismissed pursuing mergers or acquisitions, even if such deals appeared financially advantageous for the company.
Several major financial institutions are involved in the offering. Barclays, Morgan Stanley, Moelis, and TD Securities are serving as the primary book-running managers for the issuance.