MicroStrategy Launches €10% Perpetual Preferred Stock to Fund Bitcoin Purchases

Why It Matters

The Stream issuance gives MicroStrategy a new, high‑yield financing avenue to fund bitcoin acquisitions and diversify its capital structure, while offering investors direct exposure to a crypto‑linked asset, potentially shaping the market for perpetual preferred securities tied to digital assets.

Deal Summary

MicroStrategy announced the issuance of a euro‑denominated perpetual preferred stock, Stream (STRE), offering a 10% annual dividend and targeting institutional investors in Europe. The $115‑per‑share offering will raise proceeds to acquire roughly $104,300 of bitcoin and for general corporate purposes.