STRE terms, all versions
Terms are never edited in place. When a filing changes them, the previous version is closed and a new one starts, so each version below shows the dates it applied and the document it was taken from.
Current
13 Nov 2025 to present · 8-K, 13 Nov 2025 ↗ · awaiting review| Issuer | Strategy Inc. |
|---|---|
| Security | 10.00% Series A Perpetual Stream Preferred Stock |
| Stated amount (par) | €100.00 per share |
| Dividend rate | 10.00% a year, fixed |
| Cumulative | Yes |
| Payment frequency | Quarterly |
| Ranking | Junior to STRF, STRC; senior to STRK, STRD, common stock |
| Liquidation preference | Initially €100; adjusted each business day to the greatest of (i) stated amount, (ii) prior-day last reported sale price if the issuer sold shares in the prior 10 trading days, (iii) 10-trading-day average last reported sale price. |
| Redemption | Clean-up (<25% outstanding) and tax redemptions only, at liquidation preference plus accumulated/unpaid dividends. |
| Conversion | None |
| Listing | LuxSE Euro MTF, EUR |
| Notes | Unpaid dividends: Compounded quarterly at 10% + 100bp, rising 100bp per period, max 18% Holders may require repurchase on a 'Fundamental Change' at stated amount plus accumulated and unpaid dividends. STRE is NOT included in the 2026-10-28 daily-dividend amendment proposal (only STRF, STRC, STRK, STRD). |