STRD: MicroStrategy Raises €620M via Series A

MicroStrategy completed a primary issuance of Series A Preferred stock on 2025-11-07, issuing 7.75 million shares and raising €620 million in gross proceeds. The transaction is reported as a direct issuance of Series A Preferred shares under the ticker STRD. The issuance follows a near-term sequence of capital markets activity for the company: the IPO of Series A Preferred stock was announced on 2025-11-03, and related at-the-market offering activity and program consolidation occurred earlier in the week. Taken together, those events show a concentrated period of capital-raising and market-structure activity for the Series A Preferred class. For investors, the key datapoints are the scale of the raise (€620M) and the number of Series A Preferred shares issued (7.75M). Market participants assessing STRD will likely watch subsequent company disclosures for details on allocation, any changes to the outstanding capital structure, and uses of proceeds as reported by the company.