Michael Saylor’s Company Introduces Euro-Denominated Preferred Shares
- The new financial instrument, Stream (STRE), offers a 10% annual dividend, potentially rising to 18% if payments are deferred.
- Funds raised will primarily focus on Bitcoin acquisition and operational activities.
- STRE shares are available on the Euro MTF Luxembourg platform with a nominal value of €100 ($115).
- These preferred shares rank above other company shares but below debt obligations in the capital structure.
- Dividends will be distributed quarterly in cash, and investors have the right to demand repurchase under certain conditions.
This launch targets professional and institutional investors within the European Economic Area (EEA) and is backed by major financial institutions like Barclays Bank PLC and Morgan Stanley & Co. The initiative follows significant earnings reported by the company, including $2.8 billion in net income.
The introduction of STRE shares marks a strategic step towards expanding access to crypto finance in Europe while enhancing Bitcoin acquisition strategies for the company.(Source)
