MicroStrategy provided updates on its at-the-market (ATM) equity programs and Bitcoin acquisitions:

ATM Offering Updates:
• The 2025 Common ATM was established on May 1, 2025, with a capacity of $21 billion in Class A shares but no sales occurred yet.
• The 2024 Common ATM raised $128.5 million through the sale of 353,825 shares but is now terminated.
• The STRK ATM program (for 8.00% Series A Preferred Stock) raised $51.8 million through 575,392 shares sold. $20.87 billion remains available under this offering.
Total ATM Proceeds (April 28–May 4, 2025): $180.3 million
Bitcoin Update:
• MicroStrategy acquired 1,895 bitcoins for $180.3 million at an average price of $95,167.
• As of May 4, 2025, total BTC holdings reached 555,450, acquired for approximately $38.08 billion, with an average cost basis of $68,550 per bitcoin.
Disclosure Channel:
• The company uses its website dashboard (www.strategy.com) to publicly share updates on securities, bitcoin holdings, key metrics, and other regulatory disclosures.

Strategy Announces $555.5 Million in Proceeds from ATM Sales and Adds 6,556 Bitcoins to Holdings

Strategy Incorporated reported it has raised approximately $555.5 million in net proceeds through its ongoing at-the-market (ATM) equity programs between April 14 and April 20, 2025. These proceeds were used to acquire 6,556 additional bitcoins during the same period at an average purchase price of $84,785 per BTC.

According to the Form 8-K filing, the company sold 1,755,000 shares of its Class A common stock (MSTR), generating $547.7 million, and 91,213 shares of its 8.00% Series A Perpetual Strike Preferred Stock (STRK), generating $7.8 million. As of April 20, MicroStrategy still has authorization to issue $1.53 billion of MSTR shares and $20.96 billion of STRK shares.

Following the latest purchases, MicroStrategy now holds approximately 538,200 bitcoins with an aggregate cost of $36.47 billion, reflecting an average purchase price of $67,766 per bitcoin inclusive of all fees and expenses.

The company continues to update its public-facing dashboard at www.strategy.com to provide real-time transparency regarding its bitcoin holdings and other key metrics.

Strategy will report its financial results for the first quarter of 2025 after the U.S. financial markets close on Thursday, May 1, 2025 and will host a live Video Webinar at 5:00 p.m. Eastern Time to discuss the results.

A live Video Webinar of the event can be accessed under the “Events and Presentations” section of Strategy’s investor relations website at https://www.strategy.com/investor-relations.

MicroStrategy Raises Over $593 Million and Acquires 6,911 Bitcoins

On March 24, 2025, MicroStrategy announced updates regarding recent share sales and Bitcoin acquisitions. Between March 17 and March 23, the company raised approximately $592.6 million through the sale of 1.975 million shares of its Class A common stock under its $21 billion ATM program. During the same period, it also sold 13,100 shares of its 8.00% Series A preferred stock, generating around $1.1 million.

Using proceeds from both sales, MicroStrategy acquired 6,911 bitcoins for approximately $584.1 million, at an average price of $84,529 per bitcoin. As of March 23, the company held a total of about 506,137 bitcoins, acquired at a total cost of roughly $33.7 billion, with an average purchase price of $66,608 per bitcoin.

The company maintains a public dashboard at www.strategy.com to provide updates on its bitcoin holdings, securities information, and key performance metrics.

MicroStrategy Incorporated entered into an underwriting agreement with Morgan Stanley & Co. LLC, as the lead manager, to issue 8.5 million shares of its 10.00% Series A Perpetual Strife Preferred Stock at a public offering price of $85.00 per share. The offering is expected to close on March 25, 2025, pending customary conditions.

MicroStrategy expects to receive approximately $711.2 million in net proceeds from the offering after deducting underwriting discounts, commissions, and estimated expenses. The company plans to use the proceeds for general corporate purposes, including acquiring bitcoin and funding working capital.

The offering is being made under an effective shelf registration on Form S-3ASR. The underwriting agreement includes customary terms, such as representations, warranties, indemnities, and conditions.

Strategy (formerly MicroStrategy) has announced its intention to offer 5,000,000 shares of its Series A Perpetual Strife Preferred Stock in a registered public offering. The proceeds from this offering are expected to be used for general corporate purposes, including acquiring bitcoin and working capital.

The perpetual preferred stock carries a fixed cumulative dividend rate of 10% per annum, with compounded dividends accumulating if unpaid, increasing by 100 basis points per annum up to a maximum of 18%. The company will have the right to redeem all shares under certain conditions, including a drop in outstanding shares below 25% of the original issue.

Morgan Stanley, Barclays, Citigroup, and Moelis & Company are acting as joint book-running managers for the offering. The offering is being conducted under an effective shelf registration statement filed with the SEC.

Strategy remains focused on its dual role as a bitcoin treasury company and an AI-powered enterprise analytics provider. It continues to advocate for bitcoin’s role as digital capital while integrating analytics expertise with digital asset innovation.

MicroStrategy Incorporated has announced that it did not sell any shares of its class A common stock under its at-the-market (ATM) offering program between March 10, 2025, and March 16, 2025.

However, under its previously disclosed ATM program for its 8.00% Series A Perpetual Strike Preferred Stock (STRK ATM), the company sold 123,000 STRK shares during the same period, generating net proceeds of approximately $10.7 million. As of March 16, 2025, approximately $20.99 billion in STRK shares remained available for issuance.

Additionally, the company disclosed that it purchased approximately 130 bitcoins for $10.7 million at an average price of $82,981 per bitcoin using proceeds from the STRK ATM. As of March 16, 2025, MicroStrategy and its subsidiaries held approximately 499,226 bitcoins, acquired for an aggregate price of $33.1 billion at an average price of $66,360 per bitcoin.

MicroStrategy also maintains a dashboard on its website for real-time updates on its bitcoin holdings, stock transactions, and other key financial data.

MicroStrategy announced a sales agreement for the issuance and sale of up to $21 billion in 8.00% Series A perpetual strike preferred stock. The shares, convertible into Class A common stock, will be sold through multiple financial institutions, including TD Securities, Barclays, and Cantor Fitzgerald. The company did not sell any shares of Class A common stock or purchase bitcoin between March 3 and March 9, 2025. As of March 9, it held 499,096 bitcoins, acquired at an average price of approximately $66,357 per bitcoin.

MicroStrategy Incorporated filed a Form 8-K on March 3, 2025, providing updates on its Bitcoin holdings and financial activities. Between February 24 and March 2, 2025, the company did not sell any shares under its at-the-market equity offering program or purchase any Bitcoin. As of March 2, 2025, the company and its subsidiaries held approximately 499,096 bitcoins, acquired for about $33.1 billion at an average price of $66,357 per bitcoin, including fees and expenses.

The company also announced that its board of directors declared a quarterly cash dividend of $1.24 per share on its 8.00% Series A Perpetual Strike Preferred Stock (STRK), payable on March 31, 2025, to stockholders of record as of March 15, 2025.

Additionally, MicroStrategy maintains a public disclosure dashboard on its website for real-time updates on market prices, Bitcoin holdings, and other company metrics. The filing includes forward-looking statements cautioning that market conditions and other factors could impact future performance.

MicroStrategy announced it has completed a $2 billion private offering of 0% convertible senior notes due 2030, with an option for initial purchasers to buy an additional $300 million in notes. The company used the proceeds to acquire approximately 20,356 bitcoins for $1.99 billion at an average price of $97,514 per bitcoin. As of February 23, 2025, MicroStrategy holds a total of 499,096 bitcoins, acquired at an aggregate cost of $33.1 billion and an average price of $66,357 per bitcoin.

Strategy announced its intention to offer $2.0 billion in 0% convertible senior notes due 2030 in a private offering to qualified institutional buyers under Rule 144A of the Securities Act. The company also expects to grant initial purchasers an option to buy up to an additional $300 million in notes. The notes, which will not bear regular interest or accrete in principal, will be redeemable under certain conditions beginning in 2027 and will mature in 2030 unless converted, repurchased, or redeemed earlier. Conversion can be settled in cash, class A common stock, or a combination of both.

Strategy plans to use the proceeds for general corporate purposes, including acquiring Bitcoin and funding working capital. The offering is subject to market conditions, with no guarantee of completion. A live webinar for qualified institutional buyers will be held to discuss the offering.

As a publicly traded company, Strategy positions itself as the world’s largest Bitcoin Treasury Company, strategically accumulating Bitcoin through equity and debt financing while also providing AI-powered enterprise analytics software. Forward-looking statements indicate that the offering’s success depends on market conditions, and the company disclaims any obligation to update projections.

MicroStrategy reports bitcoin holdings and notes redemption update

February 18, 2025 – MicroStrategy Incorporated (Nasdaq: MSTR) announced that as of February 17, it holds approximately 478,740 bitcoins, acquired at a total cost of $31.1 billion, with an average purchase price of $65,033 per bitcoin. The company did not purchase any additional bitcoin or sell shares under its at-the-market equity offering between February 10 and February 17.

The company also provided an update on its 0.0% Convertible Senior Notes due 2027. As of February 14, MicroStrategy has received conversion requests for about $857.4 million in principal, which will result in the issuance of 6,022,026 shares upon settlement. The full redemption of the remaining notes is set for February 24, 2025.

Additionally, MicroStrategy maintains a public dashboard on its website to provide updates on its financial activities, bitcoin holdings, and key performance metrics.

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MicroStrategy, now rebranded as "Strategy," reported a fourth-quarter net loss of $670.8 million, or $3.03 per share, compared to a profit of $89.1 million, or $0.50 per share, in the same period the previous year. Revenue decreased by 3% year-over-year to $120.7 million, missing analyst expectations.

During the quarter, the company made its largest-ever bitcoin acquisition, purchasing 218,887 bitcoins for approximately $20.5 billion. As of December 31, 2024, Strategy held a total of 447,470 bitcoins, valued at about $41.8 billion.

Looking ahead, Strategy has set a 2025 target to achieve an annual "BTC Yield" of more than 15% and introduced a new performance metric, aiming for a "BTC $ Gain" of $10 billion. The company plans to adopt fair value accounting for its bitcoin holdings starting in the first quarter of 2025.

In January 2025, Strategy issued 7.3 million shares of 8.00% Series A Perpetual Strike Preferred Stock, raising approximately $563.4 million. The company also announced a redemption of all $1.05 billion in aggregate principal amount of its 0.0% Convertible Senior Notes due 2027, with the redemption date set for February 24, 2025.

As of February 2, 2025, Strategy holds 471,107 bitcoins, acquired for about $30.4 billion, averaging $64,511 per bitcoin.

The company continues to focus on its bitcoin acquisition strategy while managing its financial operations to support this approach.

MicroStrategy announced that between January 27 and February 2, 2025, it did not sell any shares under its at-the-market equity offering program and did not purchase additional bitcoin.

Previously, on January 30, 2025, the company priced an offering of 7.3 million shares of 8% Series A Perpetual Strike Preferred Stock at $80 per share, raising $563.4 million in net proceeds. The offering is expected to close on February 5, 2025, subject to customary conditions. The company plans to use the proceeds for general corporate purposes, including acquiring bitcoin.

As of February 2, 2025, MicroStrategy and its subsidiaries held 471,107 bitcoins, acquired at a total cost of $30.4 billion, with an average purchase price of $64,511 per bitcoin, including fees and expenses.

MicroStrategy Incorporated has announced an underwritten offering of 7.3 million shares of its newly issued 8.00% Series A Perpetual Strike Preferred Stock at $80.00 per share. The company expects to generate approximately $563.4 million in net proceeds after deducting underwriting discounts, commissions, and expenses. The issuance and sale are scheduled to settle on February 5, 2025, subject to customary closing conditions.

MicroStrategy intends to use the proceeds for general corporate purposes, including acquiring additional bitcoin and funding working capital. The offering is being conducted under an effective shelf registration statement on Form S-3ASR filed with the SEC, and the sale will be made through a prospectus supplement and an accompanying prospectus.

The underwriting agreement, signed on January 30, 2025, with Barclays Capital Inc. as the lead underwriter, includes standard representations, warranties, and indemnification obligations. The press release issued on January 31, 2025, provides further details on the offering, emphasizing that it is not an offer to sell or a solicitation to buy securities.

MicroStrategy included a forward-looking statement cautioning investors about potential risks related to market conditions, regulatory factors, and the completion of the offering. The company also referenced its most recent SEC filings for additional risk factors.

MicroStrategy Inc. has deepened its commitment to Bitcoin by acquiring an additional $1.1 billion worth of the cryptocurrency, bringing its total holdings to approximately 471,107 Bitcoins. To fund these purchases, the company has issued equity and debt, including a recent issuance of 2.76 million shares. Shareholder approval has also been secured to increase authorized Class A common shares to 10.3 billion and preferred shares to 1 billion. The company has announced the offering of 2.5 million shares of Series A Perpetual Strike Preferred Stock as part of its aggressive acquisition strategy.

In a move to diversify funding, MicroStrategy plans to offer $250 million worth of convertible preferred securities with an 8% yield. These securities, priced at $100 per share and listed under the ticker STRK, are expected to appeal to retail investors seeking lower volatility compared to the company's existing convertible debt. The offering, managed by Barclays and Moelis, will be available after Thursday’s trading close.

Despite its bold strategies, MicroStrategy's stock has recently faced challenges, with a 12.3% decline over a five-day losing streak, though it saw a slight recovery. As of January 28, 2025, the stock is trading at $340.11, down 2.25% from the previous close. Bitcoin's price volatility, now trading at $101,836, continues to heavily influence the stock's performance, as the company's fortunes remain tied to its significant cryptocurrency holdings. Additionally, MicroStrategy may face federal income taxes on its $18 billion of unrealized gains due to recent regulatory changes, which could impact its long-term strategy.

MicroStrategy Incorporated announced updates regarding its bitcoin acquisition strategy and equity sales as part of a Form 8-K filing dated January 27, 2025. Between January 21 and January 26, 2025, the company sold approximately 2.77 million shares of its Class A common stock under a sales agreement, generating net proceeds of about $1.1 billion. The funds were used to purchase 10,107 bitcoins at an average price of $105,596 per bitcoin, bringing the company's total bitcoin holdings to 471,107, acquired at an aggregate purchase price of $30.4 billion and an average price of $64,511 per bitcoin.

MicroStrategy introduced its BTC Yield Key Performance Indicator (KPI) to measure the percentage change in its bitcoin holdings relative to its Assumed Diluted Shares Outstanding. From January 1 to January 26, 2025, the company reported a BTC Yield of 2.90%. This KPI aims to assess whether the company's bitcoin acquisition strategy is accretive to shareholders, although it is not a financial or operational metric and has several limitations. The company emphasized that this KPI should be understood as a supplemental measure and not a substitute for financial statements or other disclosures in its SEC filings.

MicroStrategy Incorporated announced its intent to redeem its 0.0% Convertible Senior Notes due 2027, totaling approximately $1.05 billion. The redemption is scheduled for February 24, 2025, at a price equal to 100% of the principal amount plus any accrued special interest.

Holders of the notes may opt to convert them into shares of MicroStrategy's class A common stock at a conversion rate of 7.0234 shares per $1,000 principal amount (equivalent to a conversion price of $142.38 per share) by February 20, 2025. The company has elected to satisfy conversion obligations through the delivery of shares, along with cash for fractional shares.

The redemption notice does not constitute an offer or solicitation to buy or sell the notes. Forward-looking statements in this announcement are subject to risks, including market conditions and completion of the redemption. MicroStrategy reserves the right to update or modify these statements as necessary.

MicroStrategy Incorporated announced key updates following its 2025 Special Meeting of Stockholders on January 21, 2025. Stockholders approved significant amendments, including an increase in the authorized shares of Class A Common Stock from 330 million to 10.33 billion and an expansion of authorized Preferred Stock from 5 million to 1.005 billion shares. The changes, effective January 22, 2025, were implemented through an amendment to the company's Second Restated Certificate of Incorporation.

Additionally, stockholders approved amendments to the 2023 Equity Incentive Plan, introducing automatic equity grants valued at $2 million to newly appointed non-employee directors, split between stock options and restricted stock units vesting over four years.

All proposals, including contingency measures to adjourn the meeting if necessary, were approved with a strong majority vote, reflecting broad shareholder support for the company’s strategic initiatives.