{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-070793","form_type":"8-K","ticker":"MSTR","cik":"0001050446","company_name":"Strategy Inc","filed_at":"2024-03-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.230214+00:00","generated_at":"2026-06-04T12:51:10.864212+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"MicroStrategy closes $603.75M 0.875% convertible notes due 2031; proceeds used for bitcoin","bullets":["Aggregate principal amount of $603.75M, including $78.75M from full exercise of initial purchasers' option.","Net proceeds of ~$592.3M used to acquire additional bitcoin.","Notes bear 0.875% interest, mature March 15, 2031; convertible at $2,327.21/share (40% premium).","Conversion rate initially 0.4297 shares per $1,000 principal; redemption allowed after March 22, 2028 if stock price condition met.","Holders can require repurchase on Sept 15, 2028 or upon a fundamental change at 100% principal plus interest."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-070793","json":"https://secwatch.observer/filing/0001193125-24-070793.json","markdown":"https://secwatch.observer/filing/0001193125-24-070793.md","text":"https://secwatch.observer/filing/0001193125-24-070793.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1050446/000119312524070793/0001193125-24-070793-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1050446/000119312524070793/d792323d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T12:51:10.864212+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b1a17f7894d69ff051f20be818bba0ec0806a5a2","claim":"Strategy Inc incurred senior notes of $603.75 million with Citigroup Global Markets Inc., as representative of the several initial purchasers at 0.875% per year maturing March 15, 2031.","evidence_excerpt":"buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the notes sold in the offering was $603.75 million, which includes $78.75 million aggregate principal amount of notes issued pursuant to an option to purchase, within a 13-day period beginning on, and including, the date on which","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1050446/000119312524070793/0001193125-24-070793-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$603.75 million"},{"label":"Counterparty","value":"Citigroup Global Markets Inc., as representative of the several initial purchasers"},{"label":"Rate","value":"0.875% per year"},{"label":"Maturity","value":"March 15, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3cf7bef03414ff344883717865ff4d6e7d869c7d","claim":"Strategy Inc entered into Convertible Note Offering with Citigroup Global Markets Inc. valued at $603.75 million aggregate principal amount of 0.875% convertible senior notes due 2031 (effective 2024-03-18).","evidence_excerpt":"On March 18, 2024, MicroStrategy Incorporated (the “Company”) completed its previously announced private offering of 0.875% convertible senior notes due 2031 (the “notes”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1050446/000119312524070793/0001193125-24-070793-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Citigroup Global Markets Inc."},{"label":"Value","value":"$603.75 million aggregate principal amount of 0.875% convertible senior notes due 2031"},{"label":"Effective","value":"2024-03-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}