📌 MAROKO133 Hot crypto: Strategy to Issue 3.5M Euro-Denominated Preferred Shares t
Michael Saylor’s BTC firm, Strategy, is planning to offer a Euro-denominated credit instrument under the symbol STRE. The firm plans for an initial public offering (IPO) of 3,500,000 shares of its 10.00% Series A Perpetual Preferred Stock.
The net proceeds from the offering will be used for general corporate purposes, including the acquisition of Bitcoin, a company statement read.
Saylor noted that the STRE would target European and global institutional investors.
The IPO STRE plans come alongside its additional Bitcoin purchase on Monday. The software-intelligent firm announced the purchase of 397 BTC between October 27 and November 2, totalling $45.6 million in cash.
Besides, Saylor sparked Bitcoin frenzy with his bold, cryptic November hint. “Orange is the color of November,” he wrote to his 4.6 million followers on X.
Here’s What the STRE Stock Would Carry
Per the official statement, STRE stock would carry €100 per share and will accumulate cumulative dividends at 10.00% annually.
Further, dividends will be paid in cash quarterly, beginning on December 31, 2025, if declared by its board of directors.
The preferred shares also include specific sections for dividend deferrals and compounding. Unpaid regular dividends will be compounded quarterly initially at a rate per annum equal to 10%, up to 18% per annum.
Strategy has retained redemption rights when outstanding STRE shares fall below 25% of the original issuance.
“The liquidation preference of the STRE Stock will initially be €100 per share,” the announcement read. Barclays, Morgan Stanley, Moelis & Company and others will act as joint book-running managers.
Strategy Shows No Signs of Slowing BTC Buys
The largest Bitcoin corporate holder with 641,205 BTC worth $67.67 billion in stash, has been steadily purchasing Bitcoin, reflecting Saylor’s unwavering commitment to BTC buys irrespective of market conditions.
The introduction of $STRE aims to assist Strategy in ongoing Bitcoin acquisitions without the need to sell common stock, attracting institutional investors looking to enter the BTC market.
The post Strategy to Issue 3.5M Euro-Denominated Preferred Shares to Fuel BTC Purchases appeared first on Cryptonews.
🔗 Sumber: cryptonews.com
📌 MAROKO133 Breaking crypto: DeFi Protocol Stream Finance Suspends Withdrawals Fol
Stream Finance suspended deposits and withdrawals after an external fund manager overseeing the protocol’s funds disclosed a loss of about $93m in fund assets, it said Tuesday.
The team said it has retained Keith Miller and Joseph Cutler of law firm Perkins Coie to investigate the incident.
“We are actively withdrawing all liquid assets and expect this process to be completed in the near term,” Stream said, adding that periodic updates will follow as more information becomes available.
Until the scope and cause of the loss are known, Stream said all withdrawals and deposits will remain paused. “Any pending deposits will not be processed at this time,” the statement said.
Stablecoin XUSD Plunges as Traders Rush to Exit After Loss Disclosure
The announcement hit sentiment across the protocol’s ecosystem. Earlier, its staked stablecoin XUSD broke from its $1 peg, dropping as much as 58% in 24 hours. Traders pointed to heavy selling on Arbitrum-based venues as confidence slipped.
The disclosure went live around 12.45 pm UTC, in a window that also saw reports of a large multichain exploit on Balancer. While the events appear unrelated, the overlap in timing amplified anxiety across pockets of DeFi and accelerated defensive positioning.
Within hours, aggressive XUSD-to-USDC swaps on Camelot and Uniswap drove XUSD from $1 to $0.92. As Stream confirmed the freeze on deposits and withdrawals pending the investigation, bids thinned and the price slid further.
Between 6.00 pm UTC on Nov. 3 and 2.00 am UTC on Nov. 4, liquidations and arbitrage pressure pushed XUSD to about $0.43.
No Evidence of Direct Exploit, But Leverage Concerns Deepen
On-chain watchers framed the slide as a trust shock rather than a confirmed smart contract failure. They noted that trading activity on Arbitrum dominated the move, with no direct evidence of a protocol exploit at the time of writing.
Concerns over backing intensified on social media. One X user claimed that on-chain data showed roughly $170m in supporting assets against about $530m in outstanding loans, implying leverage above four times. Those figures could not be independently verified in real time.
Stream launched in early 2024 with a pitch of capital-efficient strategies that blend DeFi and traditional market techniques. Users deposit USDC into a vault and receive XUSD, which targets yield through activities such as lending arbitrage, incentive farming and hedged market making. The protocol has also worked with external managers when internal capacity is exceeded.
The model helped Stream grow quickly through 2025, but reliance on external counterparties now sits at the center of the investigation.
The post DeFi Protocol Stream Finance Suspends Withdrawals Following $93M Loss appeared first on Cryptonews.
🔗 Sumber: cryptonews.com
🤖 Catatan MAROKO133
Artikel ini adalah rangkuman otomatis dari beberapa sumber terpercaya. Kami pilih topik yang sedang tren agar kamu selalu update tanpa ketinggalan.
✅ Update berikutnya dalam 30 menit — tema random menanti!
