Company: MSTR
Filing Date: 2025-10-06
Form Type: 8-K
Source: 0001193125-25-230977
Chunk: 3

Company: Strategy Inc
Filing Date: 2025-10-06
Form: 8-K
Item: Item 8.01
Chunk 3
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 following amounts of shares remained available for issuance and sale under the Company’s ATM offering programs:

  $1.72 billion of shares of STRF Stock pursuant to the STRF ATM;  

  $4.2 billion of shares of STRC Stock pursuant to the STRC ATM;  

  $20.37 billion of shares of STRK Stock pursuant to the STRK ATM;  

  $4.15 billion of shares of STRD Stock pursuant to the STRD ATM; and  

  $15.91 billion of shares of class A common stock pursuant to the MSTR ATM.  

Capital Structure and Debt Update

Capital Structure

As of September 30, 2025, the following equity securities were outstanding:

  11,948,292 shares of STRF Stock;  

  28,011,111 shares of STRC Stock;  

  13,605,866 shares of STRK Stock;  

  12,322,141 shares of STRD Stock; and  

  267,468,426 and 19,640,250 shares of class A common stock and class B common stock, $0.001 par value per share (“class B common stock”), respectively.  

As of September 30, 2025, the following convertible notes (collectively, the “ Convertible Notes”) were outstanding:

  $1.0 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 0% Convertible Senior Notes due 2030 (the “2030B Convertible Notes”);  

  $603.7 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