MicroStrategy Incorporated : Open Market Sale Agreement (Form 8-K)

Other Events.

On August 24, 2021, MicroStrategy Incorporated (the 'Company') announced that during the third quarter of the Company's fiscal year to date (the period between July 1, 2021 and August 23, 2021), the Company purchased approximately 3,907 bitcoins for approximately $177.0 million in cash, at an average price of approximately $45,294 per bitcoin, inclusive of fees and expenses. As of August 23, 2021, the Company holds approximately 108,992 bitcoins that were acquired at an aggregate purchase price of $2.918 billion and an average purchase price of approximately $26,769 per bitcoin, inclusive of fees and expenses.

As previously disclosed, on June 14, 2021, the Company entered into an Open Market Sale Agreement^SM 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 (collectively, the 'ATM Facility'). On August 24, 2021, the Company also announced that during the third quarter of the Company's fiscal year to date (the period between July 1, 2021 and August 23, 2021), the Company had issued and sold an aggregate of 238,053 Shares under the ATM Facility, at an average gross price per Share of approximately $753.21, for aggregate net proceeds to the Company (less sales commissions and expenses) of approximately $177.5 million.