Company: MSTR
Filing Date: 2025-01-03
Form Type: 8-K
Source: 0001193125-25-001543
Chunk: 0

Company: Strategy Inc
Filing Date: 2025-01-03
Form: 8-K
Item: Item 8.01
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Item 8.01.      Other Events.  

On January 3, 2025, MicroStrategy Incorporated (“ MicroStrategy”), in furtherance of its previously announced 21/21 Plan, a capital plan to raise $21 billion of equity and $21 billion of fixed income instruments, including debt, convertible notes and preferred stock, over the next three years, issued a press release announcing it is targeting a capital raise of up to $2 billion through one or more public underwritten offerings (the “ Offering”) of perpetual preferred stock which will be senior to our class A common stock. The perpetual preferred stock may include features such as (i) convertibility to our class A common stock, (ii) payment of cash dividends, and (iii) provisions allowing for redemptions of shares, among other features. The Offering is expected to be registered via a registration statement on Form S-3to be filed with the U. S. Securities and Exchange Commission. The number of depositary shares representing an interest in the perpetual preferred stock to be offered, the final terms of the perpetual preferred stock, and the price for the Offering have not yet been determined. The purpose of the Offering is to allow MicroStrategy to continue to strengthen its balance sheet and acquire more bitcoin. The Offering is expected to occur, if at all, in the first quarter of 2025. However, the decision whether to proceed with and consummate the Offering is in MicroStrategy’s sole discretion and is subject to market and other conditions. MicroStrategy may choose not to proceed with or consummate the Offering at all.

This Current Report on Form8-Kand the exhibit attached hereto does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (the “ Securities Act”). This Current Report on Form8-Kand the exhibit attached hereto is being issued in accordance with Rule 135 under the Securities Act.

A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form8-Kand is incorporated herein by reference.