PreferredActive$STREBTC
Stream
$128.66▼ 0.16%
BTC Holdings
766,970 BTC
Total Debt
$18.60B
Leverage
10.9%
mNAV
0.82x
Notional
€775.00M
Insufficient history
Issue date
2025-11-13
Price
€100.00
Insufficient history
Dividend / Share
€10/yr
Eff. Yield
10.00%
Insufficient history
Mkt Cap
€775.00M
Insufficient history
Shares Outs.
7,750,000
Insufficient history
- Non-convertible
- Listed on Luxembourg Stock Exchange
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Junior to STRF and STRC; senior to STRK, STRD, and common stock; junior to all indebtedness
- Liquidation preference
- EUR 100 per share initially; adjusts daily to greatest of: stated amount, last sale price if traded in prior 10 days, 10-day trailing average sale price
- Cumulative
- Yes
- Payment frequency
- Quarterly
- Payment dates
- Mar 31, Jun 30, Sep 30, Dec 31
- Rate type
- Fixed
- Call provision
- Redeemable for cash if outstanding shares < 25% of total originally issued. Also redeemable upon certain tax events.
- Put provision
- At repurchase price per certificate of designations upon fundamental change
- Use of proceeds
- General corporate purposes, including the acquisition of bitcoin and for working capital
Sources(2)
- STREAM Preferred Stock Te…WebsiteSTREAM Preferred Stock TermsStrategy Inc. — 2026-02-03
- Form 8-K (STRE preferred …FilingForm 8-K (STRE preferred stock)Items 1.01/8.01Strategy Inc. — 2025-11-07
Participants
Holders & Underwriters(7)
- Form 8-K (STRE preferred …Barclays Capital Inc.underwriteras of 2025-11-07Joint book-running manager
- Form 8-K (STRE preferred …Morgan Stanley & Co. LLCunderwriteras of 2025-11-07Joint book-running manager
- Form 8-K (STRE preferred …Moelis & Company LLCunderwriteras of 2025-11-07Joint book-running manager
- Form 8-K (STRE preferred …SG Americas Securities, LLCunderwriteras of 2025-11-07Joint book-running manager
- Form 8-K (STRE preferred …TD Securities (USA) LLCunderwriteras of 2025-11-07Joint book-running manager
- Form 8-K (STRE preferred …Canaccord Genuity Corp.underwriteras of 2025-11-07Joint book-running manager
- Form 8-K (STRE preferred …StoneX Financial Inc.underwriteras of 2025-11-07Joint book-running manager
Outstanding History
Outstanding history(1)
| As of | Shares Outstanding | Source |
|---|---|---|
| 2025-11-13 | 7,750,000 | Form 8-K (STRE IPO closin… |
- 2025-11-13 — 7,750,000 sharesForm 8-K (STRE IPO closin…