08:34 AM EST, 11/07/2025 (MT Newswires) -- Strategy (MSTR) said Friday it priced an initial public offering a day earlier of about 7.8 million shares of 10% series A perpetual preferred stock at 80 euros ($92.48) each.

The issuance and sale of the stock under the ticker STRE is scheduled to settle on Nov. 13, the company said.

Strategy said gross proceeds from the offering would be approximately 620 million euros, with net proceeds of about 608.8 million euros, which it intends to use for general corporate purposes, including the acquisition of bitcoin.

Shares of the company were down 4% in recent premarket activity Friday.