Strategy raised $715 million in capital in Europe.

New Preferred Shares Raise Funds

Strategy has conducted a sale of 7.75 million Series A 10% Cumulative Preferred Shares to raise 620 million Euros (approximately 715 million dollars). The price per share has been set at 80 Euros. The transaction is expected to be completed on November 13. This latest series of preferred shares is referred to as STRE (stream) and represents an expansion of the company's efforts to raise funds abroad.

Market Reaction and Stock Performance

MSTR's common shares continue to lose value rapidly. With Bitcoin retracting to 100,000 dollars, these shares fell another 5% in early trading on Friday.