FILINGStrategy (MSTR) · 8-K · accepted Friday, Jun 6, 2025, 7:05 AM ET
Strategy 8-K reporting the pricing of an underwritten public offering of 11,764,700 shares of new STRD
From Strategy’s 8-K, accepted by the SEC on Jun 6, 2025 at 7:05 AM ET.
What it says
Strategy 8-K reporting the pricing of an underwritten public offering of 11,764,700 shares of new STRD at $85.00 per share, with estimated net proceeds of about $979.7M, settling June 10, 2025.
The numbers
| Preferred stated amount · STRD | $100 | as of Jun 6 |
What it changed
mNAV
2.12xJun 5 close
2.10xJun 6 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
186,059Jun 5 close
186,059Jun 6 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
337.1 yrsJun 5 close
346.4 yrsJun 6 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet)
Also that day
Source
Form 8-K filed by Strategy Inc with the SEC, accepted Friday, Jun 6, 2025, 7:05 AM ET. Accession 0001193125-25-136301.
Summary and figures read from the filing by Orange Paper’s filing reader and checked before publishing. Calculations (pro forma and close figures) are ours.