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

Company: Strategy Inc
Filing Date: 2025-10-06
Form: 8-K
Item: Item 8.01
Chunk 8
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 maturing in June 2027. The loan is secured by certain non-bitcoinassets of the Company that are not otherwise serving as collateral for any of the Company’s other indebtedness. After monthly payments made under the terms of the agreement, the loan had a net carrying value of $9.3 million and an outstanding principal balance of $9.4 million as of September 30, 2025.

In June 2025, the Company entered into a loan agreement that provides for aggregate borrowings of up to $31.1 million, available in multiple tranches, to fund a capital asset purchase. Amounts outstanding under the loan bear interest, with respect to each tranche, at a variable rate equal to the one-yearSecured Overnight Financing Rate plus 4.24%. The loan is secured by non-bitcoinassets that do not and will not otherwise serve as collateral for any of the Company’s other indebtedness. The loan will mature in 2026. As of September 30, 2025, the loan had a net carrying value of $20.8 million, and an outstanding principal balance of $21.1 million.

Maturities

The following table shows the maturities of the Company’s debt instruments as of September 30, 2025 (in thousands). The principal payments related to the Convertible Notes are included in the table below as if the holders exercised their right to require the Company to repurchase all of the respective Convertible Notes on their respective Date of Holder Put Option.

  Payments due by                                                                                                    
     period ended                                                                                                    
    September 30,                                                                                                    
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
             2026              0              0            0              0            0         592            592  
             2027      1,010,000              0            0              0            0      29,870      1,039,870  
             2028              0      3,000,000      800,000      2,000,000      603,661           0      6,403,661  
             2029              0              0            0              0            0           0        800,000  
             2030              0              0            0              0            0           0              0  
       Thereafter              0