On November 18, 2024, the Company announced that, during the period between November 11, 2024 and November 17, 2024, the Company had sold
an aggregate of 13,593,865 Shares under the Sales Agreement for aggregate net proceeds to the Company (less sales commissions) of approximately
$4.6 billion. As of November 17, 2024, approximately $15.3 billion of Shares remained available for issuance and sale pursuant to the Sales Agreement.

November 11, 2024->November 17, 2024 … acquired approx 51,780 bitcoins for approximately $4.6B in cash, at around $88,627 per bitcoin.

Now total 331,200 bitcoins, aggregate purchase price of $16.5B, and average purchase price of approx $49,874 per bitcoin!

Bitcoin Holdings Update
On November 18, 2024, MicroStrategy Incorporated (the “Company”) announced that, during the period between November 11, 2024 and
November 17, 2024, the Company acquired approximately 51,780 bitcoins for approximately $4.6 billion in cash, at an average price of approximately
$88,627 per bitcoin, inclusive of fees and expenses. The bitcoin purchases were made using proceeds from the issuance and sale of Shares (defined
below) under the Sales Agreement (defined below).
As of November 17, 2024, the Company, together with its subsidiaries, held an aggregate of approximately 331,200 bitcoins, which were acquired at an
aggregate purchase price of approximately $16.5 billion and an average purchase price of approximately $49,874 per bitcoin, inclusive of fees and
expenses.