Crypto Treasury Company Strategy has filed for an initial public offering of a Euro-denominated perpetual stock amid an ongoing strategy to accumulate bitcoin.
Strategy said on Monday it plans to offer 3.5 million shares of stock under the ticker Stre, with the net proceeds from their sales used to buy bitcoin (BTC) and for general business purposes.
The stock provides a 10% annual compound dividend in the stated amount of 100 euros ($115), paid quarterly starting December 31.
The strategy said STRE stock was only for “qualified investors” in the EU and the UK, and that the shares would not be “offered, sold or otherwise made available to any retail investor” in those regions.
The strategy offers $ Stre . $ master pic.twitter.com/tcectc2ua2
– Michael Saylor (@Saylor) November 3, 2025
The company’s business model, which founder Michael Saylor implemented in mid-2020, enables shares and raise capital to buy bitcoin, which has helped accumulate the largest amount of bitcoin among publicly traded companies.
Strategy currently holds 641,205 BTC which it acquired for $47.49 billion, after announcing earlier this Monday bought 397 Bitcoins to kick off November.
The strategy model kicked in a whole Sector of copycats which raised billions of dollars in investor money to stockpile Bitcoin and other cryptocurrencies, including ether (Eth).
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Saylor said Thursday that the strategy is unlikely to change its model, telling investors in a call That “the focus is to sell digital credit, improve the balance sheet, buy bitcoin and communicate that to credit and equity investors.”
Some analysts are concerned that the crypto treasury business model may collapse due to the number of entrants, and that such companies will have to buy out their rivals to remain competitive.
Saylor told investors the strategy is unlikely to do that, and the company has no plans to pursue mergers and acquisitions, “even though it would be potentially accretive.”
The strategy said Barclays, Morgan Stanley, Moelis and TD Securities are some of the book-runners for the latest share offering.
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