Company: MSTR
Filing Date: 2025-03-31
Form Type: 8-K
Source: 0000950170-25-047219
Chunk: 0

Company: Strategy Inc
Filing Date: 2025-03-31
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events.

ATM Updates

On March 31, 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                          
                                                                                                                                                                                                                 
                                                                                                                        March 24, 2025 to March 30, 2025                          March 30, 2025                 
  Common ATM                                                                                                            3,645,528 MSTR Shares                 $1.20 billion       $2.37 billion of MSTR Shares   
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Securities Offered: Class A Common Stock, $0.001 par value per share (“ MSTR Shares”)                                                                                                                          
  Size: $21 billion                                                                                                                                                                                              
  Established: October 30, 2024                                                                                                                                                                                  
  STRK ATM                                                                                                              213,807 STRK Shares                   $18.52 million      $20.97 billion of STRK Shares  
  Securities Offered: 8.00% series A perpetual strike preferred stock, $0.001 par value per share (“ STRK Shares”)                                                                                               
  Size: $21 billion                                                                                                                                                                                              
  Established: March 10, 2025                                                                                                                                                                                    
  Total                                                                                                                                                       $1.22 billion                                      

(1) Net proceeds are presented net of sales commission.

STRF Perpetual Preferred Stock

As previously disclosed, on March 25, 2025, the Company completed its previously announced public offering of 8,500,000 shares of its 10.00% Series A Perpetual Strife Preferred Stock (the “ STRF Offering”) at a public offering price of $85.00 per share. The Company expects the net proceeds from the STRF Offering to be approximately $711.2 million, after deducting the underwriting discounts and commissions and the Company’s estimated offering expense.

BTC Update

On March 31, 2025, Strategy announced updates with respect to its bitcoin holdings:

  During Period March 24, 2025 to March 30, 2025                                       As of March 30, 2025                                    
  BTC                                                 Aggregate         Average        Aggregate                 Aggregate          Average    
                                                                                                                                               
  Acquired (1)                                        Purchase          Purchase       BTC                       Purchase           Purchase   
                                                                                                                                               
                                                      Price (2)         Price (2)