Company: MSTR
Filing Date: 2025-02-24
Form Type: 8-K
Source: 0000950170-25-025233
Chunk: 0

Company: Strategy Inc
Filing Date: 2025-02-24
Form: 8-K
Item: Item 8.01
Chunk 0
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Item 8.01 Other Events.

2030 Convertible Notes Update

As previously disclosed, on February 21, 2025, MicroStrategy Incorporated d/b/a Strategy (the “ Company”) completed a private offering (the “ Convertible Notes Offering”) of its 0% convertible senior notes due 2030 (the “2030 Convertible Notes”). The Convertible Notes Offering, which included a conversion premium of approximately 35% over the U. S. composite volume weighted average price of the Company’s class A common stock from 1:30 p. m. through 4:00 p. m. Eastern Standard Time on February 19, 2025, was well received in the marketplace and resulted in the issuance of a total of $2.0 billion in aggregate principal amount, excluding the option of the initial purchasers to purchase $300.0 million of additional 2030 Convertible Notes, which remains in effect until February 27, 2025. Net proceeds from the Convertible Notes Offering to the Company totaled approximately $1.99 billion.

ATM Update

On February 24, 2025 the Company announced that, during the period between February 18, 2025 and February 23, 2025, the Company did not sell any shares of class A common stock (“ Shares”) under its at-the-market equity offering program.

Bitcoin Holdings Update

On February 24, 2025, the Company announced that, during the period between February 18, 2025 and February 23, 2025, the Company acquired approximately 20,356 bitcoins for approximately $1.99 billion in cash, at an average price of approximately $97,514 per bitcoin, inclusive of fees and expenses. The bitcoin purchases were made using proceeds from the Convertible Notes Offering.

As of February 23, 2025, the Company, together with its subsidiaries, held an aggregate of approximately 499,096 bitcoins, which were acquired at an aggregate purchase price of approximately $33.1 billion and an average purchase price of approximately $66,357 per bitcoin, inclusive of fees and expenses.

Item 7.01 Regulation FD Disclosure.