Company: MSTR
Filing Date: 2025-01-06
Form Type: 8-K
Source: 0001193125-25-001854
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Company: Strategy Inc
Filing Date: 2025-01-06
Form: 8-K
Item: Item 2.02
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Item 2.02 Results of Operations and Financial Condition.

On January 6, 2025, MicroStrategy Incorporated (“ MicroStrategy,” the “ Company,” “we,” “us,” or “our”) issued updates relating to material developments in its business as of and for the year ended December 31, 2024, including its sales under its at-the-marketequity program and bitcoin acquisitions, capital markets activities, capital structure and debt and bitcoin holdings and financial statement impacts. This information is contained in Item 8.01 of this Current Report on Form8-K.

  Item 7.01      Regulation FD Disclosure.  

Furnished Information

The information disclosed pursuant to Item 7.01 in this Current Report on Form8-Kshall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

BTC Yield KPI

From October 1, 2024 to December 31, 2024, the Company’s BTC Yield was 48.0%. From January 1, 2024 to December 31, 2024, the Company’s BTC Yield was 74.3%.

BTC Yield is a key performance indicator (“ KPI”) that represents the percentage change period-to-period ofthe ratio between the Company’s bitcoin holdings and its Assumed Diluted Shares Outstanding. Assumed Diluted Shares Outstanding refers to the aggregate of the Company’s actual shares of common stock outstanding as of the end of the applicable period plus all additional shares that would result from the assumed conversion of all outstanding convertible notes, exercise of all outstanding stock option awards, and settlement of all outstanding restricted stock units and performance stock units. The Company uses BTC Yield as a KPI to help assess the performance of its strategy of acquiring bitcoin in a manner the Company believes is accretive to shareholders. The Company believes this KPI can be used to supplement an investor’s understanding of the Company’s decision to fund the purchase of bitcoin by issuing additional shares of its common stock or instruments convertible to common stock.

BTC Yield and Basic and Assumed Diluted Shares Outstanding

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  Total Bitcoin Holdings                                  189,150      252