MicroStrategy Incorporated filed SEC Form 8-K: Other Events, Regulation FD Disclosure
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
ATM Updates
On June 2, 2025, MicroStrategy Incorporated d/b/a Strategy (“Strategy” or the “Company”) announced updates with respect to its at-the-market offering programs:
ATM Program Summary |
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During Period May 26, 2025 to June 1, 2025 |
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As of June 1, 2025 |
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Shares Sold |
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Net Proceeds(1) |
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Available for Issuance and Sale |
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Common ATM |
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-
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-
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$18.63 billion of MSTR Shares |
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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353,511 STRK Shares |
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$36.2 million
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$20.68 billion of STRK Shares |
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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374,968 STRF Shares
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$38.4 million
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$2.05 billion of STRF Shares
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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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$74.6 million |
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(1) Net proceeds are presented net of sales commission.
BTC Update
On June 2, 2025, Strategy announced updates with respect to its bitcoin holdings:
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During Period May 26, 2025 to June 1, 2025 |
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As of June 1, 2025 |
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BTC Acquired (1) |
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Aggregate Purchase Price (2) |
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Average Purchase Price (2) |
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Aggregate BTC Holdings |
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Aggregate Purchase Price (2) |
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Average Purchase Price (2) |
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705 |
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75.1 million |
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106,495 |
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580,955 |
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40.68 billion |
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70,023 |
(1) The bitcoin purchases were made using proceeds from the STRK ATM and STRF ATM.
(2) Aggregate and average purchase prices are inclusive of fees and expenses.
STRK and STRF Dividends
On June 2, 2025, the Company announced that its board of directors declared quarterly cash dividends of (i) $2.00 per share payable on the STRK Shares, and (ii) approximately $2.64 per share payable on the STRF Shares. The calculation of the quarterly dividend for STRF Shares takes into account the dividend accrued from March 25, 2025, the issuance date of STRF. Payment will be made on June 30, 2025 to stockholders of record of STRK Shares and STRF Shares at the close of business on June 15, 2025.
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.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: June 2, 2025 |
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MicroStrategy Incorporated (Registrant) |
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By: |
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/s/ W. Ming Shao |
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Name: |
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W. Ming Shao |
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Title: |
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Executive Vice President & General Counsel |