secwatch.observer — SEC 8-K summary
======================================

Issuer:     Strategy Inc (MSTR)
CIK:        0001050446
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0000950170-24-049829
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MicroStrategy Q1 revenue down 5% to $115.2M, net loss $53.1M; now holds 214,400 BTC
--------------------------------------------------------------------------------

- Total revenues $115.2M, down 5.5% YoY; subscription services revenues $23.0M, up 22% YoY.
- Net loss $53.1M ($3.09 diluted loss per share) vs net income $461.2M ($31.79 EPS) in Q1 2023; impairment losses $191.6M on bitcoin.
- Acquired 25,250 BTC since Q4 for $1.65B ($65,232 per BTC); total holdings 214,400 BTC at average cost $35,180.
- Issued $800M 0.625% convertible notes due 2030 and $604M 0.875% convertible notes due 2031 in March 2024.
- Cash and cash equivalents $81.3M; bitcoin market value $15.22B as of March 31, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050446/000095017024049829/0000950170-24-049829-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050446/000095017024049829/mstr-20240429.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-049829

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer