Company: MSTR
Filing Date: 2025-02-10
Form Type: 8-K
Source: 0001193125-25-023183
Chunk: 2

Company: Strategy Inc
Filing Date: 2025-02-10
Form: 8-K
Item: Item 7.01
Chunk 2
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 purposes of this calculation, outstanding shares of such st...  

  (2)      On January 24, 2025, the Company delivered a Notice of full redemption to the trustee of the Company’s 2027 Convertible Notes. The Notice calls for the redemption of all of the outstanding 2027...  
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  (3)      Assumed Diluted Shares Outstanding refers to the aggregate of our Basic Shares Outstanding as of the end of each period plus all additional shares that would result from the assumed conversion ...  

  Outstanding is not calculated using the treasury method and does not take into account any vesting conditions (in the case of equity awards), the exercise price of any stock option awards or an...  

Important Information about BTC Yield, BTC Gain and BTC $ Gain KPIs

BTC Yieldis a key performance indicator (“ KPI”) that represents the percentage change, during a period, of the ratio between the Company’s bitcoin holdings and its Assumed Diluted Shares Outstanding, where:

  “ Assumed Diluted Shares Outstanding” refers to the aggregate of our Basic Shares Outstanding as of the end of each period plus all additional shares that would result from the assumed conversi...  

  “ Basic Shares Outstanding” reflects the actual class A common stock and class B common stock outstanding as of the dates presented. For purposes of this calculation, outstanding shares of such...  

BTC Gainis a KPI that represents the number of bitcoins held by the Company at the beginning of a period multiplied by the BTC Yield for such period.

BTC $ Gainis a KPI that represents the dollar value of the BTC Gain calculated by multiplying the BTC Gain by the market price of bitcoin as of 4:00pm ET on the Coinbase exchange on the last day of the applicable period. The Company has selected 4:00pm ET on the last day of the applicable period as the date and time of determination of the market price of bitcoin solely for the purpose of facilitating this illustrative calculation.

The Company uses BTC Yield, BTC Gain and BTC $ Gain as KPIs to help assess the performance of its strategy of acquiring bitcoin in a manner the Company believes is accretive to shareholders. The Company believes these KPIs can be used to supplement an investor’s understanding of the Company’s decision of the manner in which it funds the purchase of bitcoin and the value created in a period by:

  in the case