Strategy Acquires 20,356 BTC and Now Holds 499,096 BTC
2030 Convertible Notes Update
As previously disclosed, on February 21, 2025, MicroStrategy Incorporated d/b/a Strategy (the “Companyâ€) completed
a private offering (the “Convertible Notes Offeringâ€) of its 0% convertible senior notes due 2030 (the “2030 Convertible
Notesâ€). The Convertible Notes Offering, which included a conversion premium of approximately 35% over the U.S.
composite volume weighted average price of the Company’s class A common stock from 1:30 p.m. through 4:00 p.m.
Eastern Standard Time on February 19, 2025, was well received in the marketplace and resulted in the issuance of a total
of $2.0 billion in aggregate principal amount, excluding the option of the initial purchasers to purchase $300.0 million of
additional 2030 Convertible Notes, which remains in effect until February 27, 2025. Net proceeds from the Convertible
Notes Offering to the Company totaled approximately $1.99 billion.
ATM Update
On February 24, 2025 the Company announced that, during the period between February 18, 2025 and February 23,
2025, the Company did not sell any shares of class A common stock (“Sharesâ€) under its at-the-market equity offering
program.
Bitcoin Holdings Update
On February 24, 2025, the Company announced that, during the period between February 18, 2025 and February 23,
2025, the Company acquired approximately 20,356 bitcoins for approximately $1.99 billion in cash, at an average price
of approximately $97,514 per bitcoin, inclusive of fees and expenses. The bitcoin purchases were made using proceeds
from the Convertible Notes Offering.
As of February 23, 2025, the Company, together with its subsidiaries, held an aggregate of approximately 499,096
bitcoins, which were acquired at an aggregate purchase price of approximately $33.1 billion and an average purchase
price of approximately $66,357 per bitcoin, inclusive of fees and expenses.
