Company: MSTR
Filing Date: 2025-02-18
Form Type: 8-K
Source: 0001193125-25-028184
Chunk: 0

Company: Strategy Inc
Filing Date: 2025-02-18
Form: 8-K
Item: Item 8.01
Chunk 0
---
Item 8.01.      Other Events.  

ATM and BTC Update

On February 18, 2025, MicroStrategy Incorporated d/b/a Strategy (the “ Company”) announced that, during the period between February 10, 2025 and February 17, 2025, the Company did not sell any shares of class A common stock (“ Shares”) under its at-the-marketequity offering program, and did not purchase any bitcoin.

As of February 17, 2025, the Company, together with its subsidiaries, held an aggregate of approximately 478,740 bitcoins, which were acquired at an aggregate purchase price of approximately $31.1 billion and an average purchase price of approximately $65,033 per bitcoin, inclusive of fees and expenses.

2027 Notes Redemption Update

On January 24, 2025, the Company delivered a notice of full redemption (the “ Notice”) to the trustee of the Company’s 0.0% Convertible Senior Notes due 2027 in the original total principal amount of $1.05 billion (the “2027 Convertible Notes”). The Notice calls for the redemption of all of the outstanding 2027 Convertible Notes on February 24, 2025 (the “ Redemption Date”), at a redemption price equal to 100% of the principal amount of the 2027 Convertible Notes to be redeemed, plus accrued and unpaid special interest, if any, to but excluding the Redemption Date, unless earlier converted. As of February 14, 2025, the Company has received conversion requests for approximately $857.4 million in principal amount of the 2027 Convertible Notes, which equates to the issuance upon settlement of 6,022,026 Shares in the aggregate.