Strategy Raises $715 Million in Europe to Buy More Bitcoin

Strategy’s latest offering is expected to generate $715 million in proceeds, as it taps foreign markets for the first time, the Bitcoin-buying firm said in a blog post on Friday. Earlier this week, the Tysons Corner, Virginia-based company unveiled its Perpetual Stream Preferred Stock, or STRE, a preferred share that’s denominated in euros and designed to pay regular dividends. It follows Strategy’s introduction of four other preferred stocks this year. Unlike Strategy's other preferred shares, which became ...