Strategy (MSTR) disclosed:
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:
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ATM Program Summary |
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During Period June 9, 2025 to June 15, 2025 |
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As of June 15, 2025 |
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Shares Sold |
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Notional Value (in millions) (1) |
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Net Proceeds (in millions) (2) |
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Available for Issuance and Sale (in millions) |
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Common ATM |
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-
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- |
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-
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$18,631.2 |
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Securities Offered: Class A Common Stock, $0.001 par value per share (“MSTR Shares”) |
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Size: $21 billion |
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Established : May 1, 2025 |
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STRK ATM |
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452,487 STRK Shares |
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$45.2 |
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$48.4
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$20,568.4 |
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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 |
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STRF ATM |
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286,101 STRF Shares
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$28.6 |
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$30.0
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$1,975.2
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Securities Offered: 10.00% series A perpetual strike preferred stock, $0.001 par value per share (“STRF Shares”) Size: $2.1 billion Established: May 22, 2025 |
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Total |
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$78.4 |
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(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 $979.7 million, after deducting the underwriting discounts and commissions and the Company’s estimated offering expense.
BTC Update
On June 16, 2025, Strategy announced updates with respect to its bitcoin holdings:
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During Period June 9, 2025 to June 15, 2025 |
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As of June 15, 2025 |
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BTC Acquired (1) |
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Aggregate Purchase Price (in millions) (2) |
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Average Purchase Price (2) |
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Aggregate BTC Holdings |
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Aggregate Purchase Price (in millions) (2) |
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Average Purchase Price (2) |
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10,100 |
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$ |
1,051.2 |
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$ |
104,080 |
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592,100 |
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$ |
41,841.5 |
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$ |
70,666 |
(1) The bitcoin purchases were made using proceeds from the STRK ATM, STRF ATM and STRD Offering.
(2) Aggregate and average purchase prices are inclusive of fees and expenses.
Item 7.01 Regulation FD Disclosure.
Strategy Dashboard
The Company also maintains a dashboard on its website (www.strategy.com) as a disclosure channel for providing broad, non-exclusionary distribution of information regarding the Company to the public, including information regarding market prices of its outstanding securities, bitcoin purchases and holdings, certain KPI metrics and other supplemental information, and as one means of disclosing non-public information in compliance with its disclosure obligations under Regulation FD. Investors and others are encouraged to regularly review the information that the Company makes public via the website dashboard.
Furnished Information
The information disclosed pursuant to Item 7.01 in this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.