Company: MSTR
Filing Date: 2025-04-07
Form Type: 8-K
Source: 0001193125-25-073989
Chunk: 3

Company: Strategy Inc
Filing Date: 2025-04-07
Form: 8-K
Item: Item 8.01
Chunk 3
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2025, all 2027 Convertible Notes have been converted or redeemed and are not outstanding.

Capital Structure and Debt Update

As of March 31, 2025, the following equity securities were outstanding:

  246,537,259 and 19,640,250 shares of class A common stock and class B common stock, respectively;  

  7,649,907 shares of Perpetual Strike Preferred Stock; and  

  8,500,000 shares of Perpetual Strife Preferred Stock.  

As of March 31, 2025, the following convertible notes (collectively, the “ Convertible Notes”) were outstanding:

  $1.010 billion aggregate principal amount of 0.625% Convertible Senior Notes due 2028 (the “2028 Convertible Notes”);  

  $3.0 billion aggregate principal amount of 0% Convertible Senior Notes due 2029 (the “2029 Convertible Notes”);  

  $800.0 million aggregate principal amount of 0.625% Convertible Senior Notes due 2030 (the “2030A Convertible Notes”);  

  $2.0 billion aggregate principal amount of 2030B Convertible Notes;  

  $603.8 million aggregate principal amount of 0.875% Convertible Senior Notes due 2031 (the “2031 Convertible Notes”); and  

  $800.0 million aggregate principal amount of 2.25% Convertible Senior Notes due 2032 (the “2032 Convertible Notes”).  

Common Stock

Holders of the Company’s class A common stock generally have the same rights as holders of the Company’s class B common stock, except that holders of class A common stock have one vote per share while holders of class B common stock have ten votes per share.

Preferred Stock

Series A Perpetual Strike Preferred Stock

On February 5, 2025, Strategy issued 7,300,000 shares of Perpetual Strike Preferred Stock in a public offering registered under the Securities Act of 1933, as amended (the “ Securities Act”). In connection with the issuance of Perpetual Strike Preferred Stock, the Company filed a Certificate of Designations (the “ Strike Certificate of Designations”) with the Secretary of State of the State of Delaware designating an aggregate of 7,300,000 shares of, and establishing the terms of, the Perpetual Strike Preferred Stock.

On March 10, 202