Company: MSTR
Filing Date: 2025-11-17
Form Type: 8-K
Source: 0001193125-25-283991
Chunk: 0

Company: Strategy Inc
Filing Date: 2025-11-17
Form: 8-K
Item: Item 8.01
Chunk 0
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Item 8.01 Other Events.

ATM Update

On November 17, 2025, Strategy Inc ("Strategy") announced an update with respect to sales made under its at-the-market offering program ("ATM") of the following securities:

                                                                                                                                                                               As of November 16, 2025                                      
  Security                                                                     Notional Value (in millions) (1)                 Net Proceeds (in millions) (2)                 Available for Issuance and Sale (in millions)                
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  STRF Stock                                                    39,957         $                                     4.0        $                                   4.4        $                                                   1,637.3  
  10.00% Series A Perpetual Strife Preferred Stock                                                                                                                                                                                          
  STRC Stock                                                    1,313,641      $                                     131.4      $                                   131.2      $                                                   4,042.4  
  Variable Rate Series A Perpetual Stretch Preferred Stock                                                                                                                                                                                  
  STRK Stock                                                    5,513          $                                     0.6        $                                   0.5        $                                                  20,335.7  
  8.00% Series A Perpetual Strike Preferred Stock                                                                                                                                                                                           
  STRD Stock                                                    -              $                                     -          $                                   -          $                                                   4,132.8  
  10.00% Series A Perpetual Stride Preferred Stock                                                                                                                                                                                          
  MSTR Stock                                                    -              $                                     -          $                                   -          $                                                  15,854.4  
  Class A Common Stock                                                                                                                                                                                                                      
  Total                                                                                                                         $                                   136.1                                                                   

(1) The total face value of the shares of preferred stock sold, which is used to calculate dividends thereon.

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

STRE Perpetual Preferred Stock

As previously disclosed, on November 13, 2025, Strategy completed its previously announced public offering of 7,750,000 shares of its 10.00% Series A Perpetual Stream Preferred Stock (the “ STRE Offering”) at a public offering price of €80.00 per share. The gross proceeds from the STRE Offering were approximately €620.0 million (or $716.8 million) and the net proceeds from the STRE Offering were approximately €