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Strategy 8-K Report, Corporate Update (Feb 3, 2025)

Reports
Other Events
Filing Date
Filed February 3, 2025
Period End
February 3, 2025
In the record · 2016–202610-K1110-Q338-K265

MSTR filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 265 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Jul ’20Jul ’20
  2. Material agreement8-K · Sep ’22Sep ’22
  3. Leadership change8-K · Oct ’26Oct ’26

01—Abstract

Summary

Summary of the 8-K filed February 3, 2025. Cited figures are marked; the original filing is the authoritative source.

MicroStrategy Incorporated (now Strategy Inc) reported in this 8-K, filed February 3, 2025 under Item 8.01 (Other Events), that between January 27, 2025 and February 2, 2025 it sold no shares of class A common stock under its at-the-market equity offering program and purchased no bitcoin during that period.

The company disclosed that on January 30, 2025 it priced an offering of 7,300,000 shares of 8% Series A Perpetual Strike Preferred Stock at $80a per share, for total net proceeds of $563.4 million. The offering is expected to close on February 5, 2025, subject to customary closing conditions, and the company intends to use the proceeds for general corporate purposes, including the acquisition of bitcoin. As of February 2, 2025, the company, together with its subsidiaries, held approximately 471,107 bitcoins, acquired at an aggregate purchase price of approximately $30.4 billion and an average purchase price of approximately $64,511 per bitcoin, inclusive of fees and expenses.

02—Key points

Key Highlights

  1. No class A common stock was sold under the at-the-market program and no bitcoin was purchased between January 27, 2025 and February 2, 2025.
  2. Priced an offering of 7,300,000 shares of 8% Series A Perpetual Strike Preferred Stock at $80 per share on January 30, 2025.
  3. Total net proceeds from the preferred stock offering are $563.4 million, expected to close on February 5, 2025, subject to customary closing conditions.
  4. Proceeds are intended for general corporate purposes, including the acquisition of bitcoin.
  5. Holdings as of February 2, 2025 were approximately 471,107 bitcoins.
  6. Aggregate bitcoin purchase price of approximately $30.4 billion, an average of approximately $64,511 per bitcoin, inclusive of fees and expenses.

03—Questions

Frequently Asked Questions

  1. Did the company buy any bitcoin during the week of January 27 to February 2, 2025?

    No. The filing states that the company did not purchase any bitcoin during the period between January 27, 2025 and February 2, 2025.

  2. Did the company sell common stock under its at-the-market program in that period?

    No. The company did not sell any shares of class A common stock under its at-the-market equity offering program during that period.

  3. What is the preferred stock offering and how much will it raise?

    The company priced 7,300,000 shares of 8% Series A Perpetual Strike Preferred Stock at $80 per share on January 30, 2025, for total net proceeds of $563.4 million. The offering is expected to close on February 5, 2025, subject to customary closing conditions.

  4. What will the company do with the preferred stock proceeds?

    The company intends to use the proceeds for general corporate purposes, including the acquisition of bitcoin.

  5. How much bitcoin did the company hold as of February 2, 2025?

    As of February 2, 2025, the company, together with its subsidiaries, held approximately 471,107 bitcoins, acquired at an aggregate purchase price of approximately $30.4 billion and an average purchase price of approximately $64,511 per bitcoin, inclusive of fees and expenses.

04—Continue

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