Company: MSTR
Filing Date: 2025-01-06
Form Type: 8-K
Source: 0001193125-25-001854
Chunk: 6

Company: Strategy Inc
Filing Date: 2025-01-06
Form: 8-K
Item: Item 8.01
Chunk 6
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94,004 per bitcoin, inclusive of fees and expenses. The bitcoin purchases were made using proceeds from the issuance and sale of Shares under the Sales Agreement. The Company did not make any purchases of bitcoin after December 31, 2024 through the date of this Current Report on Form8-K.

As of January 5, 2025, the Company, together with its subsidiaries, held an aggregate of approximately 447,470 bitcoins, which were acquired at an aggregate purchase price of approximately $27.97 billion and an average purchase price of approximately $62,503 per bitcoin, inclusive of fees and expenses.

As of January 5, 2025, at 4:00 p. m. Eastern Time, the market price of one bitcoin reported on the Coinbase exchange (the Company’s principal market for bitcoin) was $98,253.13.

Q4 2024 Financial Updates

Capital Markets Update

During the quarter ended December 31, 2024, the Company received net proceeds (less sales commissions) of $15.09 billion from the sales of Shares under its at-the-marketequity offering programs (including both under the Sales Agreement and the Company’s prior at-the-market equity sales agreement), and net proceeds of $2.97 billion from the issuance of $3.0 billion aggregate principal amount of 0% convertible senior notes due 2029 (the “2029 Convertible Notes”).

Capital Structure and Debt Update

As of December 31, 2024, the Company had 226,138,248 and 19,640,250 shares of class A common stock and class B common stock outstanding, respectively.

As of December 31, 2024, the following convertible notes (collectively, the “ Convertible Notes”) were outstanding:

  $1.050 billion aggregate principal amount of 0% Convertible Senior Notes due 2027 (the “2027 Convertible Notes”);  

  $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 2029 Convertible Notes;  

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

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