{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-032800","form_type":"8-K","ticker":"MSTR","cik":"0001050446","company_name":"Strategy Inc","filed_at":"2025-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.807116+00:00","generated_at":"2026-05-26T05:23:31.027687+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 completes $2B zero-coupon convertible note offering due 2030","bullets":["Net proceeds ~$1.99B; $2B principal, option for additional $300M.","Initial conversion rate 2.3072 shares/$1,000, price ~$433.43 per share (~35% premium over VWAP).","Notes mature March 1, 2030; no regular interest; redeemable after March 5, 2027 if stock >130% of conversion price.","Proceeds to be used for general corporate purposes, including bitcoin acquisition and working capital.","Notes are senior unsecured; noteholders may require repurchase on March 1, 2028 at principal plus unpaid interest."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-032800","json":"https://secwatch.observer/filing/0001193125-25-032800.json","markdown":"https://secwatch.observer/filing/0001193125-25-032800.md","text":"https://secwatch.observer/filing/0001193125-25-032800.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1050446/000119312525032800/0001193125-25-032800-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1050446/000119312525032800/d851880d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T05:23:31.027687+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":"8a3344e6d35392d7fc60270eb068ab772be13a37","claim":"Strategy Inc incurred convertible notes of $2 billion at 0% maturing March 1, 2030.","evidence_excerpt":"The aggregate principal amount of the notes sold in the offering was $2 billion.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1050446/000119312525032800/0001193125-25-032800-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$2 billion"},{"label":"Rate","value":"0%"},{"label":"Maturity","value":"March 1, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}