Strategy files IPO for euro stock to fund more Bitcoin buys

Michael Saylor’s Strategy has filed to offer euro-denominated shares, STRE, in its latest push to raise capital for more Bitcoin.

Crypto treasury company Strategy has filed for an initial public offering of a euro-denominated perpetual stock amid its ongoing strategy to accumulate Bitcoin. 

Strategy said on Monday that it plans to offer 3.5 million shares of the stock under the ticker STRE, with the net proceeds from their sales being used to buy Bitcoin (BTC) and for general business purposes.

The stock provides a 10% yearly cumulative dividend on the stated amount of 100 euros ($115), paid quarterly starting on Dec. 31.

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