01—Abstract
Summary
Summary of the 8-K filed March 3, 2025. Cited figures are marked; the original filing is the authoritative source.
On March 3, 2025, MicroStrategy Incorporated, d/b/a Strategy (the "Company"), reported that between February 24, 2025 and March 2, 2025 it did not sell any shares of class A common stock under its at-the-market equity offering program and did not purchase any bitcoin.
As of March 2, 2025, the Company and its subsidiaries held approximately 499,096 bitcoins, acquired at an aggregate purchase price of approximately $33.1 billiona and an average purchase price of approximately $66,357 per bitcoin, inclusive of fees and expenses. The filing also announced that the board declared a quarterly cash dividend of approximately $1.24 per share on the 8.00% series A perpetual strike preferred stock (STRK), payable March 31, 2025 to holders of record at the close of business on March 15, 2025. The amount is prorated to reflect the dividend accrued from February 5, 2025, the STRK issuance date.
Under Item 7.01, the Company references its website dashboard (www.strategy.com) as a Regulation FD disclosure channel for market prices of its securities, bitcoin purchases and holdings, KPI metrics, and other supplemental information, and encourages investors to review it regularly. The furnished information is not deemed "filed" under Section 18 of the Exchange Act.
02—Key points
Key Highlights
- No class A common stock sold under the at-the-market program and no bitcoin purchased during February 24 to March 2, 2025.
- Holdings of approximately 499,096 bitcoins as of March 2, 2025.
- Aggregate acquisition cost of approximately $33.1 billion, an average purchase price of approximately $66,357 per bitcoin, inclusive of fees and expenses.
- Quarterly cash dividend of approximately $1.24 per share declared on the 8.00% series A perpetual strike preferred stock (STRK), prorated from the February 5, 2025 issuance date.
- STRK dividend payable March 31, 2025 to stockholders of record at the close of business on March 15, 2025.
- The company's website dashboard (www.strategy.com) is designated as a Regulation FD disclosure channel for securities prices, bitcoin holdings, and KPI metrics.
03—Questions
Frequently Asked Questions
Did the Company buy any bitcoin during the reported period?
No. The filing states that the Company did not purchase any bitcoin between February 24, 2025 and March 2, 2025.
How much bitcoin does the Company hold and what did it cost?
As of March 2, 2025, the Company and its subsidiaries held approximately 499,096 bitcoins, acquired at an aggregate purchase price of approximately $33.1 billion, or an average of approximately $66,357 per bitcoin, inclusive of fees and expenses.
Did the Company sell shares under its at-the-market program?
No. The filing states that the Company did not sell any shares of class A common stock under its at-the-market equity offering program during February 24, 2025 through March 2, 2025.
What dividend was declared on the STRK preferred stock?
The board declared a quarterly cash dividend of approximately $1.24 per share on the 8.00% series A perpetual strike preferred stock. It is payable March 31, 2025 to holders of record at the close of business on March 15, 2025, and is prorated from February 5, 2025, the STRK issuance date.
04—Continue