Strategy to Raise Approximately 62 Billion Yen for Bitcoin Purchases

Strategy, the world's largest Bitcoin-holding company formerly known as MicroStrategy, announced on the 3rd that it will issue 3.5 million shares of perpetual preferred shares (ticker: STRE) denominated in euros, aiming to raise up to 350 million euros (approximately 62 billion yen). The funds raised will be allocated to additional Bitcoin purchases and operational costs. STRE preferred shares offer a cumulative dividend of 10% per year, with unpaid dividends compounding quarterly. The maximum interest rate is set at 18%, and the company is poised to target returns that exceed the cost of capital through Bitcoin operations. As of the end of October, Strategy holds a total of 641,205 BTC...