Company: MSTR
Filing Date: 2025-03-24
Form Type: 8-K
Source: 0000950170-25-043494
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Company: Strategy Inc
Filing Date: 2025-03-24
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events.

Common Stock ATM

As previously disclosed, on October 30, 2024, MicroStrategy Incorporated d/b/a Strategy (“ Strategy” or 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., Maxim Group LLC, Mizuho Securities USA LLC, and SG Americas Securities, LLC, as agents (collectively, the “ MSTR Agents”), pursuant to which the Company may issue and sell shares of its class A common stock, par value $0.001 per share (the “ MSTR Shares”), having an aggregate offering price of up to $21 billion from time to time through the MSTR Agents (the “ Common ATM”).

On March 24, 2025, the Company announced that, during the period between March 17, 2025 and March 23, 2025, the Company sold an aggregate of 1,975,000 MSTR Shares under the Common ATM, for aggregate net proceeds to the Company (less sales commissions) of approximately $592.6 million. As of March 23, 2025, approximately $3.57 billion of MSTR Shares remained available for issuance and sale pursuant to the Common ATM.

STRK 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 24, 2025, the Company announced that, during the period between March 17, 2025 and March 23, 2025, the Company sold an aggregate of 13,