Company: MSTR
Filing Date: 2025-02-20
Form Type: 8-K
Source: 0001193125-25-030144
Chunk: 0

Company: Strategy Inc
Filing Date: 2025-02-20
Form: 8-K
Item: Item 8.01
Chunk 0
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Item 8.01.      Other Events.  

On February 18, 2025, MicroStrategy®Incorporated d/b/a Strategy™(“ Strategy”) issued a press release announcing its intention to offer, subject to market conditions and other factors, $2.0 billion aggregate principal amount of its 0% convertible senior notes due 2030 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “ Securities Act”). Strategy also expects to grant to the initial purchasers of the notes an option to purchase, for settlement within a period of five business days from, and including, the date on which the notes are first issued, up to an additional $300 million aggregate principal amount of notes. A copy of the press release announcing the offering is filed as Exhibit 99.1 to this Current Report on Form8-Kand is incorporated herein by reference.

On February 20, 2025, Strategy issued a press release announcing that it has priced its offering of $2.0 billion aggregate principal amount of its 0% convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act. Strategy also granted to the initial purchasers of the notes an option to purchase, for settlement within a period of five business days from, and including, the date on which the notes are first issued, up to an additional $300 million aggregate principal amount of notes. The offering is expected to close on February 21, 2025, subject to satisfaction of customary closing conditions.

Strategy estimates that the net proceeds from the offering will be approximately $1.99 billion (or approximately $2.28 billion if the initial purchasers fully exercise their option to purchase additional notes), after deducting fees and estimated expenses. Strategy intends to use the net proceeds from this offering for general corporate purposes, including the acquisition of bitcoin and for working capital.

A copy of the press release announcing the pricing of the offering is filed as Exhibit 99.2 to this Current Report on Form8-Kand is incorporated herein by reference.

The information contained in Item 8.01 of this Current Report on Form8-Kshall not constitute an offer to sell, or a solicitation of an offer to buy the notes, nor shall there be any sale of, the notes in any state or jurisdiction in which such offer, solicitation or sale would