Company: MSTR
Filing Date: 2025-01-27
Form Type: 8-K
Source: 0001193125-25-012671
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Company: Strategy Inc
Filing Date: 2025-01-27
Form: 8-K
Item: Item 8.01
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Item 8.01.      Other Events.  

ATM Update

As previously disclosed, on October 30, 2024, MicroStrategy Incorporated (“ MicroStrategy” or 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 27, 2025, the Company announced that, during the period between January 21, 2025 and January 26, 2025, the Company had sold an aggregate of 2,765,157 Shares under the Sales Agreement for aggregate net proceeds to the Company (less sales commissions) of approximately $1.1 billion. As of January 26, 2025, approximately $4.35 billion of Shares remained available for issuance and sale pursuant to the Sales Agreement.

Bitcoin Holdings Update

On January 27, 2025, the Company announced that, during the period between January 21, 2025 and January 26, 2025, the Company acquired approximately 10,107 bitcoins for approximately $1.1 billion in cash, at an average price of approximately $105,596 per bitcoin, inclusive of fees and expenses. The bitcoin purchases were made using proceeds from the issuance and sale of Shares under the Sales Agreement.

As of January 26, 2025, the Company, together with its subsidiaries, held an aggregate of approximately 471,107 bitcoins, which were acquired at an aggregate purchase price of approximately $30.4 billion and an average purchase price of approximately $64,511 per bitcoin, inclusive of fees and expenses.