Company: MSTR
Filing Date: 2025-07-07
Form Type: 8-K
Source: 0000950170-25-094137
Chunk: 20

Company: Strategy Inc
Filing Date: 2025-07-07
Form: 8-K
Item: Item 8.01
Chunk 20
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 number of bitcoins held by the Company at the end of June 30, 2025, as well as market value calculations of its bitcoin holdings based on the lowest, highest, and ending market prices of one bitcoin on the Coinbase exchange (the Company’s principal market for bitcoin) during the quarter, as further defined below:

                     Approximate        Lowest Market          Market Value of       Highest Market         Market Value of       Market Price Per      Market Value of   
                     Number of          Price Per Bitcoin      Bitcoin Held at       Price Per Bitcoin      Bitcoin Held at       Bitcoin at End        Bitcoin Held at   
                     Bitcoins Held      During                 End of Quarter        During                 End of Quarter        of Quarter (e)        End of Quarter    
                     at End of          Quarter (a)            Using Lowest          Quarter (c)            Using Highest                               Using Ending      
                     Quarter                                   Market Price (in                             Market Price (in                            Market Price (in  
                                                               thousands) (b)                               thousands) (d)                              thousands) (f)    
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  June 30, 2025                         $                      $                     $                      $                     $                     $                 

(a)

The “

Lowest Market Price Per Bitcoin During Quarter

” represents the lowest market price for one bitcoin reported on the Coinbase exchange during the quarter, without regard to when the Company purchased any of its bitcoin.

(b)

The “

Market Value of Bitcoin Held at End of Quarter Using Lowest Market Price

” represents a mathematical calculation consisting of the lowest market price for one bitcoin reported on the Coinbase exchange during the quarter multiplied by the number of bitcoins the Company held at the end of the period.

(c)

The “

Highest Market Price Per Bitcoin During Quarter

” represents the highest market price for one bitcoin reported on the Coinbase exchange during the quarter, without regard to when the Company purchased any of its bitcoin.

(d)

The “

Market Value of Bitcoin Held at End of Quarter Using Highest Market Price

” represents a mathematical calculation consisting of the highest market price for one bitcoin reported on the Coinbase exchange during the quarter multiplied by the number of bitcoins the Company held at the end of the period.

(e)

The “

Market Price Per Bitcoin at End of Quarter

” represents the market price of one bitcoin on the Coinbase exchange at 4:00 p. m. Eastern Time on the last day of the quarter.

(f)

The “

Market Value of Bitcoin Held at End of