MicroStrategy Inc (NASDAQ:MSTR) recently disclosed in an 8-K filing with the Securities and Exchange Commission details regarding the company’s recent activities. The company announced that it had worked with several sales agents to sell an aggregate of 2,765,157 shares under a Sales Agreement for net proceeds of approximately $1.1 billion. As of January 26, 2025, MicroStrategy still had about $4.35 billion worth of shares remaining for issuance and sale under the aforementioned agreement.
In addition, MicroStrategy revealed that it acquired approximately 10,107 bitcoins for around $1.1 billion in cash during the period between January 21, 2025, and January 26, 2025. These bitcoin purchases were funded through the proceeds generated from the sale of shares under the Sales Agreement. As of January 26, 2025, MicroStrategy and its subsidiaries collectively held approximately 471,107 bitcoins, which had an aggregate purchase price of about $30.4 billion.
The company clarified that BTC Yield is used as a KPI to evaluate the performance of its strategy concerning bitcoin acquisitions, aimed at being accretive to shareholders. MicroStrategy emphasized that BTC Yield is not intended to be used as an operating performance measure, financial measure, or predictive of the trading price of its shares.
MicroStrategy also provided important information regarding its BTC Yield KPI, outlining its narrow purpose solely related to the company’s bitcoin holdings. The firm highlighted that BTC Yield may be influenced by various factors and does not represent historical or future shareholder returns or an indication of trading prices.
Investors were advised to rely on the company’s financial statements and SEC filings for comprehensive information, as the BTC Yield KPI is intended as a supplementary, rather than a replacement, measure. MicroStrategy confirmed that the furnished information in the 8-K filing is not considered “filed” under the Exchange Act or incorporated by reference into future filings.
The company issued this report to the SEC on January 27, 2025, signed by W. Ming Shao, Executive Vice President, and General Counsel of MicroStrategy Incorporated.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read MicroStrategy’s 8K filing here.
About MicroStrategy
MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.
