Item 8.01. Other Events.

On December 9, 2021, MicroStrategy Incorporated (the "Company") announced that, during the period between November 29, 2021 and December 8, 2021, the Company purchased approximately 1,434 bitcoins for approximately $82.4 million in cash, at an average price of approximately $57,477 per bitcoin, inclusive of fees and expenses. As of December 8, 2021, the Company held approximately 122,478 bitcoins that were acquired at an aggregate purchase price of $3.66 billion and an average purchase price of approximately $29,861 per bitcoin, inclusive of fees and expenses.

As previously disclosed, on June 14, 2021, the Company entered into an Open Market Sale AgreementSM (the "Sale Agreement") with Jefferies LLC, as agent ("Jefferies"), pursuant to which the Company 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 $1.0 billion from time to time through Jefferies. On December 9, 2021, the Company also announced that, during the period between November 29, 2021 and December 8, 2021, the Company issued and sold an aggregate of 119,828 Shares under the Sale Agreement, at an average gross price per Share of approximately $693.10, for aggregate net proceeds to the Company (less sales commissions and expenses) of approximately $82.4 million.

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