01—Abstract
Summary
Summary of the 8-K filed April 14, 2025. Cited figures are marked; the original filing is the authoritative source.
On April 14, 2025, MicroStrategy Incorporated, doing business as Strategy, filed an 8-K under Item 8.01 (Other Events) reporting updates to its at-the-market (ATM) offering programs and its bitcoin holdings for the period April 7, 2025 to April 13, 2025.
During that week the Company sold 959,712 MSTR Shares under its Common ATM for net proceeds of $285.7 milliona. As of April 13, 2025, $2.08 billion of MSTR Shares remained available for issuance under the Common ATM, which has a $21 billion size and was established October 30, 2024. The 8.00% Series A perpetual strike preferred stock (STRK) ATM, also $21 billion in size and established March 10, 2025, had $20.97 billion of STRK Shares remaining available, with no STRK sales reported for the period.
The Company reported that it acquired 3,459 bitcoin during the week, using proceeds from the Common ATM, at an aggregate purchase price of $285.8 millionb and an average purchase price of $82,618 per bitcoin, inclusive of fees and expenses. Aggregate bitcoin holdings reached 531,644 BTC as of April 13, 2025, with an aggregate purchase price of $35.92 billion and an average purchase price of $67,556 per bitcoin. Under Item 7.01 (Regulation FD Disclosure), the filing notes that Strategy maintains a dashboard on its website, www.strategy.com, as a disclosure channel for market prices of its securities, bitcoin purchases and holdings, KPI metrics, and other supplemental information.
Investors are encouraged to review the dashboard regularly. The Item 7.01 information is furnished rather than filed for purposes of Section 18 of the Exchange Act.
02—Key points
Key Highlights
- Common ATM sales of 959,712 MSTR Shares for net proceeds of $285.7 million during April 7–13, 2025
- $2.08 billion of MSTR Shares remained available for issuance under the $21 billion Common ATM as of April 13, 2025
- No STRK Shares sales reported for the period; $20.97 billion of STRK Shares remained available under the $21 billion STRK ATM established March 10, 2025
- Acquired 3,459 bitcoin for an aggregate purchase price of $285.8 million (average $82,618 per bitcoin), funded by Common ATM proceeds
- Aggregate bitcoin holdings of 531,644 BTC as of April 13, 2025, with an aggregate purchase price of $35.92 billion (average $67,556 per bitcoin)
- Company maintains a website dashboard at www.strategy.com as a Regulation FD disclosure channel
03—Questions
Frequently Asked Questions
How much capital did Strategy raise through its at-the-market programs during the reported week?
During April 7 to April 13, 2025, Strategy sold 959,712 MSTR Shares under its Common ATM for net proceeds of $285.7 million, net of sales commissions. No STRK Shares sales are reported for the period.
How much capacity remains under the ATM programs?
As of April 13, 2025, $2.08 billion of MSTR Shares remained available for issuance and sale under the Common ATM, and $20.97 billion of STRK Shares remained available under the STRK ATM. Both programs are stated to have a size of $21 billion.
How many bitcoin did Strategy acquire and at what price?
Strategy acquired 3,459 bitcoin during April 7 to April 13, 2025, using Common ATM proceeds, for an aggregate purchase price of $285.8 million, or an average of $82,618 per bitcoin, inclusive of fees and expenses.
What is Strategy's total bitcoin position as of April 13, 2025?
Aggregate bitcoin holdings were 531,644 BTC, with an aggregate purchase price of $35.92 billion and an average purchase price of $67,556 per bitcoin, inclusive of fees and expenses.
Where can investors find ongoing company metrics and disclosures?
The filing states that Strategy maintains a dashboard at www.strategy.com that includes market prices of its securities, bitcoin purchases and holdings, KPI metrics, and other supplemental information. Investors are encouraged to review it regularly, and the Company uses it as one means of disclosing information under Regulation FD.
04—Continue