“Dubbed “stream,” STRE is the company’s latest preferred series as Michael Saylor and team begin raising funds overseas for more bitcoin purchases.”, — write: www.coindesk.com
The largest publicly traded company holding bitcoin, Strategy priced its initial public offering of 7.75 million shares of 10% Series A Perpetual Stream Preferred Stock (STRE) at €80 per share.
The sale, expected to close on Nov. 13, will generate approximately €620 million ($715 million) in gross proceeds, per a Friday press release, with which the company will mostly acquire additional bitcoin.
The STRE Stock carries a 10% annual dividend on its €100 stated value, payable quarterly beginning Dec. 31, when declared by the board. Unpaid dividends will accrue interest at an initial rate of 11%, rising by 1% per quarter up to 18% until paid.
Strategy is already the holder of 641,205 bitcoin worth roughly $64.1 billion at BTC’s current price of about $100,000. In addition to recent declines in the price of bitcoin, the premium at which investors are pricing Strategy’s common stock to the value of its bitcoin has been rapidly contracting.
This crimps the company’s ability to raise money via common stock sales, making these preferred issuances a favored avenue should the company want to continue to accumulate BTC.
MSTR shares are lower by another 5.3% premarket to just $225, now down by about 50% since peaking for 2025 less than four months ago.
A deep dive into Zcash’s zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
- Shielded adoption surgedwith 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
- The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
- Project Tachyonled by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
- Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.
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Bitcoin’s slide to $100,600 caps another week of losses due to renewed Fed caution. Ether and most altcoins are struggling, although AI-linked tokens are seeing outsized gains.
- The crypto market fell again on Friday as a stronger dollar and hawkish Federal Reserve tone fueled a 30-day, 18% decline in BTC.
- Bitcoin futures open interest fell to $24.9 billion as traders deleveraged, although options activity leaned bullish, with calls dominating by 64%-35%.
- FET and NEAR jumped over 20% in 24 hours as traders rotated into high-volume, narrative-driven plays despite weakness elsewhere.
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