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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 8.01. | Other Events. |
On June 28, 2023, MicroStrategy Incorporated (“MicroStrategy”) announced that, during the period between April 29, 2023 and June 27, 2023, MicroStrategy, together with its subsidiaries, acquired approximately 12,333 bitcoins for approximately $347.0 million in cash, at an average price of approximately $28,136 per bitcoin, inclusive of fees and expenses. As of June 27, 2023, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 152,333 bitcoins, which were acquired at an aggregate purchase price of approximately $4.52 billion and an average purchase price of approximately $29,668 per bitcoin, inclusive of fees and expenses.
As previously disclosed, on May 1, 2023 MicroStrategy entered into a Sales Agreement (the “Sales Agreement”) with Cowen and Company, LLC and Canaccord Genuity LLC, as sales agents (the “Agents”), pursuant to which MicroStrategy may issue and sell shares of its class A common stock, par value $0.001 per share (“Shares”), having an aggregate offering price of up to $625.0 million from time to time through the Agents. On June 28, 2023, MicroStrategy announced that, as of June 27, 2023, MicroStrategy had issued and sold an aggregate of 1,079,170 Shares under the Sales Agreement for aggregate net proceeds to MicroStrategy (less sales commissions and expenses) of approximately $333.7 million.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: June 28, 2023 | MicroStrategy Incorporated (Registrant) | |||||
| By: | /s/ W. Ming Shao | |||||
| Name: | W. Ming Shao | |||||
| Title: | Senior Executive Vice President & General Counsel | |||||
