Company: MSTR
Filing Date: 2025-08-04
Form Type: 8-K
Source: 0000950170-25-101634
Chunk: 0

Company: Strategy Inc
Filing Date: 2025-08-04
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events.

ATM Updates

On August 4, 2025, MicroStrategy Incorporated d/b/a Strategy (“ Strategy” or the “ Company”) announced updates with respect to its at-the-market offering programs:

  ATM Program Summary                                                                                                             As of  
                                                                                                                                         
                                                                                                                         August 3, 2025  
  Common ATM                                                                                                                  $17,042.7  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Securities Offered: Class A Common Stock, $0.001 par value per share (“ MSTR Shares”)                                                  
  Size: $21 billion                                                                                                                      
  Established: May 1, 2025                                                                                                               
  STRK ATM                                                                                                                    $20,450.2  
  Securities Offered: 8.00% series A perpetual strike preferred stock, $0.001 par value per share (“ STRK Shares”)                       
  STRF ATM                                                                                                                     $1,881.1  
  Securities Offered: 10.00% series A perpetual strife preferred stock, $0.001 par value per share (“ STRF Shares”)                      
  STRD ATM                                                                                                                     $4,182.0  
  Securities Offered: 10.00% series A perpetual stride preferred stock, $0.001 par value per share (“ STRD Shares”)                      
  STRC ATM                                                                                                                     $4,200.0  
  Securities Offered: Variable rate series A perpetual stretch preferred                                                                 

  stock, $0.001 par value per share (“ STRC Shares”)  
  Total                                               

(1) The total face value of the shares of preferred stock sold, which is used to calculate dividends thereon.

(2) Net proceeds are presented net of sales commission.

STRC Perpetual Preferred Stock

As previously disclosed, on July 29, 2025, the Company completed its previously announced public offering of 28,011,111 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (the “ STRC Offering”) at a public offering price of $90.00 per share. The gross proceeds from the STRC Offering were approximately $2.521 billion and the net proceeds from the STRC Offering were approximately $2.47 billion, after deducting the underwriting discounts and commissions and the Company’s estimated offering expense.

BTC Update

On August 4, 2025, Strategy announced updates with respect to its bitcoin holdings:

  During Period July 28,