Strategy raised 715 million dollars in capital in Europe.

New Preferred Stock Raises Funds

Strategy has raised 620 million Euros (approximately 715 million dollars) by selling 7.75 million shares of 10% Series A Cumulative Preferred Stock. 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 stock is referred to as STRE (stream) and represents an expansion of the company’s efforts to raise funds internationally.

Market Reaction and Stock Performance

MSTR’s common stocks continue to rapidly decline in value. Following the drop of Bitcoin to 100,000 dollars, these stocks fell an additional 5% in early trading on Friday.