Company: MSTR
Filing Date: 2025-01-06
Form Type: 8-K
Source: 0001193125-25-001854
Chunk: 5

Company: Strategy Inc
Filing Date: 2025-01-06
Form: 8-K
Item: Item 8.01
Chunk 5
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Item 8.01 Other Events.

The financial information set forth in this Current Report on Form8-Khas been prepared by MicroStrategy management. MicroStrategy’s independent registered public accounting firm, KPMG LLP, has not audited or reviewed, and does not express an opinion with respect to, such financial information.

On August 7, 2024, we completed a10-for-1stock split of our class A and class B common stock. See Note 1(a), Summary of Significant Accounting Policies - Basis of Presentation, to the Consolidated Financial Statements, in our Quarterly Report on Form10-Qfor the quarterly period ended September 30, 2024 for further information. As a result of the stock split, all applicable share and per share information presented within this Current Report on Form8-Khas been retroactively adjusted to reflect the stock split for all periods presented.

ATM Update

As previously disclosed, on October 30, 2024, the Company entered into a Sales Agreement (the “ Sales Agreement”) with TD Securities (USA) LLC, Barclays Capital Inc., The Benchmark Company, LLC, BTIG, LLC, Canaccord Genuity LLC, Cantor Fitzgerald & Co., Maxim Group LLC, Mizuho Securities USA LLC, and SG Americas Securities, LLC, as agents (the “ Sales Agents”), pursuant to which the Company may issue and sell shares of its class A common stock, par value $0.001 per share (“ Shares”), having an aggregate offering price of up to $21 billion from time to time through the Sales Agents.

On January 6, 2025, the Company announced that, during the period between December 30, 2024 and December 31, 2024, the Company had sold an aggregate of 319,586 Shares under the Sales Agreement for aggregate net proceeds to the Company (less sales commissions) of approximately $101 million. The Company did not make any sales of Shares under the Sales Agreement after December 31, 2024 through the date of this Current Report on Form8-K. As of January 5, 2025, approximately $6.77 billion of Shares remained available for issuance and sale pursuant to the Sales Agreement.

Bitcoin Holdings Update

On January 6, 2025, the Company announced that, during the period between December 30, 2024 and December 31, 2024, the Company acquired approximately 1,070 bitcoins for approximately $101 million in cash, at an average price of approximately $