Microstrategy, Inc. acquired roughly 15,350 extra bitcoins

ATM Replace

As beforehand disclosed, on October 30, 2024, MicroStrategy Integrated (“MicroStrategy” or the “Firm”) entered right into a Gross sales Settlement (the “Gross sales Settlement”) with TD Securities (USA) LLC, Barclays Capital Inc., The Benchmark Firm, LLC, BTIG, LLC, Canaccord Genuity LLC, Cantor Fitzgerald & Co., Maxim Group LLC, Mizuho Securities USA LLC, and SG Americas Securities, LLC, as brokers (the “Gross sales Brokers”), pursuant to which the Firm could subject and promote shares of its class A standard inventory, par worth $0.001 per share (“Shares”), having an mixture providing worth of as much as $21 billion occasionally by means of the Gross sales Brokers.

On December 16, 2024, the Firm introduced that, through the interval between December 9, 2024 and December 15, 2024, the Firm had bought an mixture of three,884,712 Shares below the Gross sales Settlement for mixture internet proceeds to the Firm (much less gross sales commissions) of roughly $1.54 billion. As of December 15, 2024, roughly $7.65 billion of Shares remained accessible for issuance and sale pursuant to the Gross sales Settlement.

Bitcoin Holdings Replace

On December 16, 2024, the Firm introduced that, through the interval between December 9, 2024 and December 15, 2024, the Firm acquired roughly 15,350 bitcoins for about $1.5 billion in money, at a median worth of roughly $100,386 per bitcoin, inclusive of charges and bills. The bitcoin purchases had been made utilizing proceeds from the issuance and sale of Shares below the Gross sales Settlement.

As of December 15, 2024, the Firm, along with its subsidiaries, held an mixture of roughly 439,000 bitcoins, which had been acquired at an mixture buy worth of roughly $27.1 billion and a median buy worth of roughly $61,725 per bitcoin, inclusive of charges and bills.

BTC Yield KPI

From October 1, 2024 to December 15, 2024, the Firm’s BTC Yield was 46.4%. From January 1, 2024 to December 15, 2024, the Firm’s BTC Yield was 72.4%.

BTC Yield is a key efficiency indicator (“KPI”) that represents the proportion change period-to-period of the ratio between the Firm’s bitcoin holdings and its Assumed Diluted Shares Excellent. Assumed Diluted Shares Excellent refers back to the mixture of the Firm’s precise shares of widespread inventory excellent as of the tip of the relevant interval plus all extra shares that may end result from the assumed conversion of all excellent convertible notes, train of all excellent inventory possibility awards, and settlement of all excellent restricted inventory items and efficiency inventory items. The Firm makes use of BTC Yield as a KPI to assist assess the efficiency of its technique of buying bitcoin in a fashion the Firm believes is accretive to shareholders. The Firm believes this KPI can be utilized to complement an investor’s understanding of the Firm’s determination to fund the acquisition of bitcoin by issuing extra shares of its widespread inventory or devices convertible to widespread inventory.