Company: MSTR
Filing Date: 2025-02-10
Form Type: 8-K
Source: 0001193125-25-023183
Chunk: 0

Company: Strategy Inc
Filing Date: 2025-02-10
Form: 8-K
Item: Item 8.01
Chunk 0
---
Item 8.01.      Other Events.  

Capital Markets Activities

As previously disclosed, on October 30, 2024, MicroStrategy Incorporated d/b/a Strategy (“ Strategy” or the “ Company”) entered into a Sales Agreement (the “ 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 (the “ Sales Agents”), pursuant to which the Company may issue and sell shares of its class A common stock, par value $0.001 per share (“ Shares”), having an aggregate offering price of up to $21 billion from time to time through the Sales Agents.

On February 10, 2025, the Company announced that, during the period between February 3, 2025 and February 9, 2025, the Company sold an aggregate of 516,413 Shares under the Sales Agreement for aggregate net proceeds to the Company (less sales commissions) of approximately $179 million. As of February 9, 2025, approximately $4.17 billion of Shares remained available for issuance and sale pursuant to the Sales Agreement.

Additionally, on February 5, 2025, the Company completed its previously announced public offering of 7,300,000 shares of its 8.00% Series A Perpetual Strike Preferred Stock (the “ STRK Offering”) at a public offering price of $80.00 per share. The Company expects the net proceeds of the STRK Offering to be approximately $563.4 million, after deducting the underwriting discounts and commissions and the Company’s estimated offering expenses.

Bitcoin Holdings Update

On February 10, 2025, the Company announced that, during the period between February 3, 2025 and February 9, 2025, the Company acquired approximately 7,633 bitcoins for approximately $742.4 million in cash, at an average price of approximately $97,255 per bitcoin, inclusive of fees and expenses. The bitcoin purchases were made using proceeds from (i) the issuance and sale of Shares under the Sales Agreement and (ii) the STRK Offering.

As of February 9, 2025, the Company, together with its subsidiaries, held an aggregate of approximately 478,740 bitcoins, which were acquired at an aggregate purchase price of approximately $31.1 billion and an