Company: MSTR
Filing Date: 2025-07-07
Form Type: 8-K
Source: 0000950170-25-094137
Chunk: 3

Company: Strategy Inc
Filing Date: 2025-07-07
Form: 8-K
Item: Item 8.01
Chunk 3
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 price of up to $21 billion, from time to time through the sales agents under the sales agreement for this program (the “
STRK ATM
”). During the quarter ended June 30, 2025, the Company received aggregate net proceeds from this program of approximately $446.9 million, after deducting sales commissions.

• STRD Registered Underwritten Offering:
On June 10, 2025, the Company completed an underwritten public offering (the “
STRD Offering
”) of 11,764,700 shares of the Company’s 10.00% series A perpetual stride preferred stock, $0.001 par value per share (the “
STRD Stock,” and together with the STRK Stock and the STRF Stock, the “
Preferred Stock
”), at a public offering price of $85.00 per share. The Company received net proceeds from this offering of approximately $979.7 million, after deducting underwriting discounts and commissions and the Company’s estimated offering expenses.

• 2024 Common ATM:
On October 30, 2024, the Company entered into a sales agreement pursuant to which the Company may issue and sell shares of its class A common stock, $0.001 par value per share (“
class A common stock
”), having an aggregate offering price of up to $21 billion from time to time through the sales agents under the sales agreement for this program (the “
2024
Common ATM
”). During the quarter ended June 30, 2025, the Company received aggregate net proceeds from this program of approximately $2.4 billion, after deducting sales commissions. The 2024 Common ATM has been substantially depleted and the sales agreement for this program has terminated by its terms.

• 2025 Common ATM:
On May 1, 2025, the Company entered into a sales agreement pursuant to which the Company may issue and sell shares of class A common stock having an aggregate offering price of up to $21 billion from time to time through the sales agents under the sales agreement for this program (the “
2025 Common ATM
”). During the quarter ended June 30, 2025, the Company received aggregate net proceeds from this program of approximately $2.9 billion, after deducting sales commissions.

As of June 30, 2025, approximately $18.1 billion of shares of class A common stock remained available for issuance and sale pursuant to the 2025 Common ATM, approximately $20.5 billion of shares