Company: MSTR
Filing Date: 2025-01-03
Form Type: DEF 14A
Source: 0001140361-25-000231
Chunk: 132

Company: Strategy Inc
Filing Date: 2025-01-03
Form: DEF 14A
Chunk 132
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 on an annual and interim basis. Companies are also required to provide all annual disclosures currently required under Topic 280 in interim periods, in addition to disclosing the title and position of the CODM and how the CODM uses the reported measure(s) of segment profit and loss in assessing segment performance and allocating resources. The standard is effective for the Company for annual periods beginning January 1, 2024 and for interim periods beginning January 1, 2025, with updates applied retrospectively. Early adoption is permitted. The Company is currently evaluating the impact of this guidance on its disclosures. (4) Digital Assets The following table summarizes the Company’s digital asset holdings (in thousands, except number of bitcoins), as of:

|                                            |     | December 31, |     |            |
|                                            |     |         2023 |     |       2022 |
| Approximate number of bitcoins held        |     |      189,150 |     |    132,500 |
| Digital assets carrying value              |     |   $3,626,476 |     | $1,840,028 |
| Cumulative digital asset impairment losses |     |   $2,269,013 |     | $2,153,162 |

The carrying value on the Company’s Consolidated Balance Sheet at each period-end represents the lowest fair value (based on Level 1 inputs in the fair value hierarchy) of the bitcoins at any time since their acquisition. Therefore, these fair value measurements were made during the period from their acquisition through December 31, 2023 or 2022, respectively, and not as of December 31, 2023 or 2022, respectively. The following table summarizes the Company’s digital asset purchases, digital asset sales, digital asset impairment losses, and gains on sale of digital assets (in thousands, except number of bitcoins) for the periods indicated:

|                                          |     | Years Ended December 31, |     |            |     |            |
|                                          |     |                     2023 |     |       2022 |     |       2021 |
| Approximate number of bitcoins purchased |     |                   56,650 |     |      8,813 |     |     53,922 |
| Approximate number of bitcoins sold      |     |                        0 |     |        704 |     |          0 |
| Digital asset purchases                  |     |               $1,902,299 |     |   $287,921 |