Cryptocurrency treasury firm Strategy has filed for an initial public offering (IPO) of euro-denominated perpetual preferred shares, aiming to raise fresh capital for additional Bitcoin (BTC) purchases.
Strategy @MicroStrategy Inc. Announces Proposed IPO of Euro €-Denominated Preferred Stock to Bolster #Bitcoin Treasury
Strategy Inc. (NASDAQ: MSTR) has filed with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) of 3.5 million shares of… pic.twitter.com/O4wjWNw87S
— MartyParty (@martypartymusic) November 4, 2025
The move marks the company’s latest effort to expand its capital markets strategy internationally, continuing the Bitcoin accumulation model pioneered by founder Michael Saylor since mid-2020.
Euro IPO Targeting Institutional Investors Only
According to the filing, Strategy plans to issue 3.5 million Series A perpetual preferred shares under the ticker symbol “STRE.” Each share will be priced at €100 (approximately $107) and carry an annual cash dividend of 10%.
The offering will be limited to qualified institutional investors in the European Union and the United Kingdom, with no retail participation, underscoring the company’s focus on institutional capital formation.
Analysts view the move as part of Strategy’s broader initiative to deepen its financing channels across Europe amid strong investor demand for high-yield crypto-linked instruments.
Surging Profits and Aggressive Bitcoin Acquisition
The IPO filing follows a period of exceptional financial performance. In its Q3 2025 earnings report, Strategy reported $3.9 billion in operating income and $2.8 billion in net profit.
CEO Von Le confirmed that the company has raised over $20 billion year-to-date, channeling much of that capital into Bitcoin acquisitions.
Between October 27 and November 2, Strategy purchased an additional 397 BTC for $45.6 million, bringing its total holdings to approximately 641,205 BTC, with a total acquisition cost of $47.49 billion.
This continues the firm’s aggressive accumulation strategy, making it one of the world’s largest corporate holders of Bitcoin.
Bitcoin Price Target: $150,000 by Year-End
Strategy has reiterated its year-end Bitcoin price target of $150,000, citing accelerating institutional adoption, rising ETF inflows, and a favorable post-halving supply environment.
Founder Michael Saylor emphasized that the firm will focus solely on Bitcoin accumulation, avoiding mergers, acquisitions, or diversification into other crypto assets.
“Our mission remains simple: to hold Bitcoin as a superior treasury reserve asset, regardless of short-term volatility,” Saylor said in a recent statement.
Industry observers note that Strategy’s steadfast “HODL” philosophy has made it a model for corporate long-term crypto investment strategies worldwide.
A New Wave of Corporate Bitcoin Financing
If successful, this euro-denominated offering could signal the next phase of Bitcoin-backed corporate financing — extending beyond U.S. capital markets into Europe’s institutional ecosystem.
The deal structure mirrors hybrid instruments used by high-yield issuers, offering investors exposure to the Bitcoin narrative while providing predictable fixed-income returns.
Analysts suggest the IPO could serve as a blueprint for other firms looking to bridge traditional capital markets and digital asset reserves, especially in regions with increasing regulatory clarity around crypto-linked securities.
