Latham & Watkins Advises Strategy Inc. on €620 Million Inaugural Euro‑Denominated Preferred Stock IPO

"Latham & Watkins LLP represented Strategy Inc. in the pricing of its inaugural euro‑denominated preferred stock IPO: 7,750,000 shares of 10.00% Series A Perpetual Stream Preferred Stock at €80 per share, priced Nov. 6, 2025 and expected to settle Nov. 13, 2025. Gross proceeds ~€620M (US$715.1M); estimated net proceeds ~€608.8M (US$702.2M)."

Latham & Watkins LLP represented Strategy Inc. (Nasdaq: STRF/STRC/STRK/STRD/MSTR) in connection with its inaugural euro‑denominated preferred stock offering. Strategy Inc. announced the pricing on November 6, 2025 of an initial public offering of 7,750,000 shares of 10.00% Series A Perpetual Stream Preferred Stock (the STRE Stock) at a public offering price of €80 per share. The issuance and sale of the STRE Stock is scheduled to settle on November 13, 2025, subject to customary closing conditions. Strategy’s gross proceeds from the offering are approximately €620 million (US$715.1 million), and Strategy estimates net proceeds of approximately €608.8 million (US$702.2 million) after underwriting discounts and commissions and estimated offering expenses. Latham & Watkins LLP represented client(s) Strategy Inc. with a team composed by: partners David Rath, Roberto Luis Reyes Gaskin, James Inness, Greg Rodgers, Marc Jaffe, Brittany Ruiz, and Arash Aminian Baghai (a cross‑border team in Europe and the US); counsel Camilla Kehler‑Weiss; associates Alexandre Maturana, Paul Lau, Andrew Bentz, Jennifer Thiessen, Kan Ni, and Rich Reynolds; with assistance from Sam Vallejo. Advice on tax matters was provided by tax partners Bora Bozkurt and Jocelyn Noll and tax associate Michael Yu.

Latham & Watkins Advises Strategy Inc. on €620 Million Inaugural Euro‑Denominated Preferred Stock IPO

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