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    MicroStrategy Incorporated filed SEC Form 8-K: Other Events, Regulation FD Disclosure

    6/23/25 8:00:28 AM ET
    $MSTR
    Computer Software: Prepackaged Software
    Technology
    Get the next $MSTR alert in real time by email
    8-K
    false0001050446MICROSTRATEGY Inc00010504462025-06-162025-06-16

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

     

    FORM 8-K

     

    CURRENT REPORT

    PURSUANT TO SECTION 13 OR 15(d)

    OF THE SECURITIES EXCHANGE ACT OF 1934

    Date of Report (Date of earliest event reported): June 23, 2025

     

    img7184437_0.jpg

    MICROSTRATEGY INCORPORATED

    (Exact name of registrant as specified in its charter)

     

     

    Delaware

    001-42509

    51-0323571

    (State or other jurisdiction

    of incorporation)

    (Commission

    File Number)

    (I.R.S. Employer

    Identification No.)

     

    1850 Towers Crescent Plaza

    Tysons Corner, Virginia

    22182

    (Address of principal executive offices)

    (Zip Code)

    Registrant’s telephone number, including area code: (703) 848-8600

    (Former name or former address, if changed since last report)

     

    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):

     

    ☐

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    ☐

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    ☐

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    ☐

    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:

     

    Title of Each Class

    Trading
    Symbol

    Name of Each Exchange

    on which Registered

    Class A common stock, par value $0.001 per share

    MSTR

    The Nasdaq Global Select Market

    8.00% Series A Perpetual Strike Preferred Stock, $0.001 par value per share

     

    STRK

     

    The Nasdaq Global Select Market

    10.00% Series A Perpetual Strife Preferred Stock, $0.001 par value per share

     

    STRF

     

     

    The Nasdaq Global Select Market

    10.00% Series A Perpetual Stride Preferred Stock, $0.001 par value per share

     

    STRD

     

     

    The Nasdaq Global Select Market

    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 23, 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

     

     

    During Period

    June 16, 2025 to June 22, 2025

     

     

    As of

    June 22, 2025

     

     

     

    Shares Sold

     

     

    Notional Value (in millions) (1)

     

     

    Net Proceeds (in millions) (2)

     

     

    Available for

    Issuance and Sale (in millions)

    Common ATM

     

     

    -

     

     

     

    -

     

     

    -

     

     

     

    $18,631.2

    Securities Offered: Class A Common Stock, $0.001 par value per share (“MSTR Shares”)

     

     

     

     

     

     

     

     

     

     

     

     

    Size: $21 billion

     

     

     

     

     

     

     

     

     

     

     

     

    Established: May 1, 2025

     

     

     

     

     

     

     

     

     

     

     

     

    STRK ATM

     

     

    166,566 STRK Shares

     

     

    $16.7

     

     

    $17.4

     

     

     

    $20,551.0

    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

     

     

     

     

     

     

     

     

     

     

     

     

    STRF ATM

     

     

    84,354 STRF Shares

     

     

     

    $8.4

     

     

    $8.7

     

     

     

    $1,966.4

     

    Securities Offered: 10.00% series A perpetual strife preferred stock, $0.001 par value per share (“STRF Shares”)

    Size: $2.1 billion

    Established: May 22, 2025

     

     

     

     

     

     

     

     

     

     

     

     

    Total

     

     

     

     

     

     

     

     

    $26.1

     

     

     

     

    (1) The total face value of the shares of preferred stock sold, which is used to calculate dividends thereon.

     

    (2) Net proceeds are presented net of sales commission.

     

     

     

     

     

     

     

     

     

     


     

    BTC Update

    On June 23, 2025, Strategy announced updates with respect to its bitcoin holdings:

     

     

     

     

     

     

    During Period June 16, 2025 to June 22, 2025

     

     

    As of June 22, 2025

     

    BTC

    Acquired (1)

     

     

    Aggregate

    Purchase

    Price (in millions) (2)

     

     

    Average

    Purchase

    Price (2)

     

     

    Aggregate

    BTC

    Holdings

     

     

    Aggregate

    Purchase

    Price (in millions) (2)

     

     

    Average

    Purchase

    Price (2)

     

    245

     

    $

    26.0

     

    $

    105,856

     

     

    592,345

     

    $

    41,867.5

     

    $

    70,681

    (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.

     

     

    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.

     

     

     

     

     

     

     

    Date: June 23, 2025

    MicroStrategy Incorporated

    (Registrant)

     

     

     

     

     

     

    By:

    /s/ W. Ming Shao

     

     

    Name:

    W. Ming Shao

     

     

    Title:

    Executive Vice President & General Counsel

     

     

     

     


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