Company: MSTR
Filing Date: 2025-07-07
Form Type: 8-K
Source: 0000950170-25-094137
Chunk: 4

Company: Strategy Inc
Filing Date: 2025-07-07
Form: 8-K
Item: Item 8.01
Chunk 4
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 of STRK Stock remained available for issuance and sale pursuant to the STRK ATM, and approximately $1.9 billion of shares of STRF Stock remained available for issuance and sale pursuant to the STRF ATM.

Capital Structure and Debt Update

As of June 30, 2025, the following equity securities were outstanding:

• 261,318,341 and 19,640,250 shares of class A common stock and class B common stock, $0.001 par value per share
(“class B common stock”),
respectively;

• 11,764,700 shares of STRD Stock;

• 12,201,367 shares of STRK Stock; and

• 10,066,750 shares of STRF Stock.

As of June 30, 2025, the following convertible notes (collectively, the “ Convertible Notes”) were outstanding:

• $1.010 billion aggregate principal amount of 0.625% Convertible Senior Notes due 2028 (the “
2028 Convertible Notes
”);

• $3.0 billion aggregate principal amount of 0% Convertible Senior Notes due 2029 (the “
2029 Convertible Notes
”);

• $800.0 million aggregate principal amount of 0.625% Convertible Senior Notes due 2030 (the “
2030A Convertible Notes
”);

• $2.0 billion aggregate principal amount of 0% Convertible Senior Notes due 2030 (the “
2030B Convertible Notes
”);

• $603.7 million aggregate principal amount of 0.875% Convertible Senior Notes due 2031 (the “
2031 Convertible Notes
”); and

• $800.0 million aggregate principal amount of 2.25% Convertible Senior Notes due 2032 (the “
2032 Convertible Notes
”).

Additionally, during the quarter ended June 30, 2025, the Company entered into a loan agreement that provides for aggregate borrowings of up to $31.1 million, available in multiple tranches, to fund a capital asset purchase. Amounts outstanding under the loan will bear interest, with respect to each tranche, at a variable rate equal to the one-year Secured Overnight Financing Rate plus 4.24%. The loan is secured by non-bitcoin assets that will not otherwise serve as collateral for any of the Company’s other indebtedness. The loan will mature in 2026.

Common