Company: MSTR
Filing Date: 2025-06-16
Form Type: 8-K
Source: 0000950170-25-086545
Chunk: 0

Company: Strategy Inc
Filing Date: 2025-06-16
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events.

ATM Updates

On June 16, 2025, MicroStrategy Incorporated d/b/a Strategy (“ Strategy” or the “ Company”) announced updates with respect to its at-the-market offering programs:

  ATM Program Summary                                                                                                    During Period                                                    As of  
                                                                                                                                                                                                 
                                                                                                                         June 9, 2025 to June 15, 2025                            June 15, 2025  
  Common ATM                                                                                                             -                                  -              -          $18,631.2  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Securities Offered: Class A Common Stock, $0.001 par value per share (“ MSTR Shares”)                                                                                                          
  Size: $21 billion                                                                                                                                                                              
  Established: May 1, 2025                                                                                                                                                                       
  STRK ATM                                                                                                               452,487 STRK Shares                $45.2      $48.4          $20,568.4  
  Securities Offered: 8.00% series A perpetual strike preferred stock, $0.001 par value per share (“ STRK Shares”)                                                                               
  STRF ATM                                                                                                               286,101 STRF Shares                $28.6      $30.0           $1,975.2  
  Securities Offered: 10.00% series A perpetual strike preferred stock, $0.001 par value per share (“ STRF Shares”)                                                                              
  Total                                                                                                                                                                $78.4                     

(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.

STRD Perpetual Preferred Stock

As previously disclosed, on June 10, 2025, the Company completed its previously announced public offering of 11,764,700 shares of its 10.00% Series A Perpetual Stride Preferred Stock (the “ STRD Offering”) at a public offering price of $85.00 per share. The Company expects the net proceeds from the STRD Offering to be approximately $979.7 million, after deducting the underwriting discounts and commissions and the Company’s estimated offering expense.

BTC Update

On June 16, 2025, Strategy announced updates with respect to its bitcoin holdings:

  During Period June 9, 2025 to June 15, 2025                                                  As of June 15,