Microstrategy, Inc. (NASDAQ:MSTR) Disclosure
Item 8.01: Other Events
ATM Update
On October 30, 2024, MicroStrategy Incorporated (“MicroStrategy” or the “Company”) entered into a Sales Agreement with several agents, permitting the issuance and sale of its Class A common stock up to an aggregate offering price of $21 billion over time.
On December 9, 2024, it was announced that during December 2-8, 2024, 5,418,449 shares were sold, generating approximately $2.13 billion in net proceeds. As of December 8, 2024, approximately $9.19 billion in shares remain available under the Sales Agreement.
Bitcoin Holdings Update
During the same period (December 2-8, 2024), the Company acquired approximately 21,550 bitcoins for about $2.1 billion in cash, averaging around $98,783 per bitcoin, using proceeds from the shares sold under the Sales Agreement.
As of December 8, 2024, MicroStrategy holds approximately 423,650 bitcoins, with a total purchase price of around $25.6 billion and an average of $60,324 per bitcoin.
Item 7.01: Regulation FD Disclosure
BTC Yield KPI
From October 1, 2024, to December 8, 2024, the Company’s BTC Yield was 43.2%, while for the year up to December 8, 2024, it was 68.7%.
BTC Yield represents the percentage change of the ratio between the Company’s bitcoin holdings and its Assumed Diluted Shares Outstanding. This KPI helps assess the performance of acquiring bitcoin in an accretive manner to shareholders.
| Date | Total Bitcoin Holdings | Shares Outstanding (in ‘000s) | Basic Shares Outstanding | Assumed Diluted Shares Outstanding | BTC Yield % (Quarter to Date) | BTC Yield % (Year to Date) |
|---|---|---|---|---|---|---|
| 12/31/2023 | 189,150 | Class A: 149,041 | 168,681 | 207,636 | 43.2% | 68.7% |
| 9/30/2024 | 252,220 | Class B: 19,640 | 202,635 | 235,042 | ||
| 12/08/2024 | 423,650 | Class A: 220,007 | 239,647 | 275,642 |
The Company has a history of not paying dividends and using BTC Yield only serves as a supplement to financial understanding. Investors should rely on SEC filings for comprehensive financial information.
Important Information About BTC Yield KPI
BTC Yield is not a traditional yield measure and does not account for debt or liabilities. The KPI's purpose is narrow and should be understood in the context of shareholder acumen and limitations. Investors are encouraged to consider the Company’s complete financial performance documentation for informed decisions.
Furnished Information: This report is not to be considered “filed” under the Securities Exchange Act of 1934 or incorporated by reference in any filing, unless explicitly stated.
Comments (0)