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Strategy 8-K Report, Regulation FD Disclosure (Jun 9, 2025)

Reports
Regulation FD·Other Events
Filing Date
Filed June 9, 2025
Period End
June 9, 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 June 9, 2025. Cited figures are marked; the original filing is the authoritative source.

On June 9, 2025, MicroStrategy Incorporated d/b/a Strategy ("Strategy" or the "Company") reported updates to its at-the-market (ATM) offering programs and its bitcoin holdings for the period June 2, 2025 to June 8, 2025.

Under its ATM programs, no Common ATM (Class A Common Stock) shares were sold during the period, leaving $18,631.2 milliona available for issuance under that program as of June 8, 2025. The STRK ATM sold 626,639 shares for a notional value of $62.7 million and net proceeds of $66.4 million, while the STRF ATM sold 432,679 shares for a notional value of $43.3 million and net proceeds of $45.8 million, bringing total notional value sold across the preferred programs to $112.2 million. The Company also disclosed that it acquired 1,045 bitcoin during the period for an aggregate purchase price of $110.2 million, with an average purchase price of $105,426 per bitcoin, inclusive of fees and expenses.

The filing states that these purchases were funded with proceeds from the STRK and STRF ATM programs. As of June 8, 2025, aggregate bitcoin holdings were 582,000 bitcoin, with an aggregate purchase price of $40,790.4 millionb and an average purchase price of $70,086 per bitcoin.

The filing also references the Company's website dashboard (www.strategy.com), which it uses as a Regulation FD disclosure channel for market prices of its securities, bitcoin purchases and holdings, KPI metrics, and other supplemental information. The information furnished under Item 7.01 is stated not to be deemed filed for purposes of Section 18 of the Exchange Act.

02—Key points

Key Highlights

  1. Bitcoin holdings reached 582,000 BTC as of June 8, 2025, with an aggregate purchase price of $40,790.4 million and an average purchase price of $70,086 per bitcoin.
  2. The Company acquired 1,045 bitcoin during June 2 to June 8, 2025, for an aggregate purchase price of $110.2 million, at an average price of $105,426 per bitcoin.
  3. Bitcoin purchases during the period were funded using proceeds from the STRK and STRF preferred stock ATM programs.
  4. No shares of Common ATM (Class A Common Stock) were sold during the period; $18,631.2 million remained available for issuance under that program as of June 8, 2025.
  5. STRK ATM sold 626,639 shares for a notional value of $62.7 million and net proceeds of $66.4 million; $20,616.8 million remained available under this program.
  6. STRF ATM sold 432,679 shares for a notional value of $43.3 million and net proceeds of $45.8 million; $2,005.2 million remained available under this program.
  7. Total notional value sold across the preferred ATM programs during the period was $112.2 million.

03—Questions

Frequently Asked Questions

  1. How much bitcoin did Strategy acquire during the week, and at what price?

    Strategy acquired 1,045 bitcoin during June 2 to June 8, 2025, for an aggregate purchase price of $110.2 million, inclusive of fees and expenses. The average purchase price was $105,426 per bitcoin.

  2. What is Strategy's total bitcoin holdings as of June 8, 2025?

    As of June 8, 2025, Strategy's aggregate bitcoin holdings were 582,000 bitcoin, with an aggregate purchase price of $40,790.4 million and an average purchase price of $70,086 per bitcoin.

  3. How is Strategy funding its bitcoin purchases?

    The filing states that the bitcoin purchases during the period were made using proceeds from the STRK ATM and STRF ATM programs, which are offerings of its 8.00% and 10.00% series A perpetual strike preferred stock, respectively.

  4. Did Strategy sell any Common Stock under its ATM program during the period?

    No. The filing reports no shares sold under the Common ATM program during June 2 to June 8, 2025, leaving $18,631.2 million available for issuance and sale as of June 8, 2025.

  5. What do the net proceeds and notional value in the ATM table represent?

    Notional value is the total face value of the preferred stock sold, which is used to calculate dividends. Net proceeds are presented net of sales commissions.

04—Continue

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