Company: MSTR
Filing Date: 2025-05-05
Form Type: 8-K
Source: 0000950170-25-063168
Chunk: 0

Company: Strategy Inc
Filing Date: 2025-05-05
Form: 8-K
Item: Item 8.01
Chunk 0
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Item 8.01 Other Events.

ATM Updates

On May 5, 2025, MicroStrategy Incorporated d/b/a Strategy (“ Strategy” or the “ Company”) announced updates with respect to its at-the-market offering programs:

  ATM Program Summary                                                                                                   During Period                                          As of                          
                                                                                                                                                                                                              
                                                                                                                        April 28, 2025 to May 4, 2025                          May 4, 2025                    
  2025 Common ATM                                                                                                       -                                  -                   $21 billion of MSTR Shares     
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Securities Offered: Class A Common Stock, $0.001 par value per share (“ MSTR Shares”)                                                                                                                       
  Size: $21 billion                                                                                                                                                                                           
  Established: May 1, 2025                                                                                                                                                                                    
  2024 Common ATM (2)                                                                                                   353,825 MSTR Shares                $128.5 million      -                              
  Securities Offered: MSTR Shares                                                                                                                                                                             
  STRK ATM                                                                                                              575,392 STRK Shares                $51.8 million       $20.87 billion of STRK Shares  
  Securities Offered: 8.00% series A perpetual strike preferred stock, $0.001 par value per share (“ STRK Shares”)                                                                                            
  Total                                                                                                                                                    $180.3 million                                     

(1) Net proceeds are presented net of sales commission.

(2)The 2024 Common ATM has been substantially depleted and the sales agreement for this program has been terminated by its terms.

BTC Update

On May 5, 2025, Strategy announced updates with respect to its bitcoin holdings:

  During Period April 28, 2025 to May 4, 2025                                        As of May 4, 2025                                    
  BTC                                              Aggregate          Average        Aggregate              Aggregate          Average    
                                                                                                                                          
  Acquired (1)                                     Purchase           Purchase       BTC                    Purchase           Purchase   
                                                                                                                                          
                                                   Price (2)          Price (2)      Holdings               Price (2)          Price (2)  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  1,895                                            180.3 million      95,167         555,450                38.08 billion      68,550     

(1) The bitcoin purchases were made using proceeds from the