Strategy Preferred Stock Offering Upsized to $20M to Buy Bitcoin

A recent upsized offering has seen strategy preferred stock priced to raise 20 million, funding Bitcoin purchases and broader corporate growth while reflecting robust institutional demand and an expanded capital plan.

How does the strategy preferred stock upsizing change Strategy Inc 9s funding plan?

Strategy priced an enlarged Series A Perpetual Stream Preferred Stock (STRE) sale that now totals 20 million, up from an initial 350 million indication.

The deal includes 7.75 million shares at approximately 0 per share and is scheduled to close on November 13, 2025, pending customary approvals.

Consequently, the firm gains immediate capital flexibility to pursue corporate bitcoin purchases and other growth initiatives. Moreover, the upsizing signals continued appetite among institutional buyers and a significant step in the company’s treasury strategy.

What are the dividend, redemption and investor protections for this stream preferred stock?

The Series A carries a headline coupon of 10% annually, equal to 10 per 100 of stated value, with cash payouts each March 31, June 30, September 30 and December 31, beginning on December 31, 2025.

If Strategy misses a payment, unpaid dividends compound by 1% each quarter up to a maximum of 18%.

Investors also hold a liquidation preference of 100 per share and a buyback right in the event of a fundamental change, where holders may require repurchase at 100 plus unpaid dividends.

The liquidation value will adjust daily to reflect recent market prices, protecting preferred investors against stale valuation.

Lead managers on the offering include a global syndicate of banks: Barclays, Morgan Stanley, Moelis & Company, SociE9tE9 GE9nE9rale, TD Securities, Canaccord Genuity and StoneX Financial.

Their involvement underscores institutional confidence in Strategy’s hybrid model of corporate finance and digital-asset exposure.

That said, readers should consult primary documents for full terms. See the original reporting for context: CryptoNews report on the offering.

For legal and technical details, refer to Strategy’s investor materials and the official offering prospectus: Strategy press release and prospectus.

In short, the upsized stream preferred stock issuance provides Strategy with significant capital to expand its Bitcoin reserve asset and pursue growth, while offering investors a high-yield, preference-ranked instrument within a clear redemption and dividend framework.