Company: MSTR
Filing Date: 2025-03-17
Form Type: 8-K
Source: 0000950170-25-039835
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Company: Strategy Inc
Filing Date: 2025-03-17
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events.

Common Stock ATM

On March 17, 2025 MicroStrategy Incorporated d/b/a Strategy (the “ Company”) announced that, during the period between March 10, 2025 and March 16, 2025, the Company did not sell any shares of class A common stock (the “ Common Stock”) under its at-the-market offering program for its Common Stock.

Preferred Stock ATM

As previously disclosed, on March 10, 2025, the Company entered into a Sales Agreement with TD Securities (USA) LLC, Barclays Capital Inc., The Benchmark Company, LLC, BTIG, LLC, Canaccord Genuity LLC, Cantor Fitzgerald & Co., Compass Point Research & Trading, LLC, H. C. Wainwright & Co., LLC, Keefe, Bruyette & Woods, Inc., Mizuho Securities USA LLC, Santander US Capital Markets LLC and SG Americas Securities, LLC, as sales agents (collectively the “ STRK Agents”), pursuant to which the Company may issue and sell shares of its 8.00% series A perpetual strike preferred stock, $0.001 par value per share (the “ STRK Shares”), having an aggregate offering price of up to $21 billion, from time to time through the STRK Agents (the “ STRK ATM”).

On March 17, 2025, the Company announced that, during the period between March 10, 2025 and March 16, 2025, the Company sold an aggregate of 123,000 STRK Shares under the STRK ATM, for aggregate net proceeds to the Company (less sales commissions) of approximately $10.7 million. As of March 16, 2025, approximately $20.99 billion of STRK Shares remained available for issuance and sale pursuant to the STRK ATM.

BTC Update

On March 17, 2025, the Company announced that, during the period between March 10, 2025 and March 16, 2025, the Company acquired approximately 130 bitcoins for approximately $10.7 million in cash, at an average price of approximately $82,981 per bitcoin, inclusive of fees and expenses. The bitcoin purchases were made using proceeds from the STRK ATM.

As of March 16, 2025, the Company, together with its subsidiaries, held an aggregate of approximately 499,226 bitcoins, which were acquired at an aggregate purchase price of approximately $33.1 billion