[8-K] MicroStrategy Incorporated 8.00% Series A Perpetual Strike Preferred Stock Reports Material Event
Uni-Fuels Holdings Limited filed a Form 6-K dated 21 July 2025.
- The filing furnishes a press release announcing the Company’s first commercial paper issuance on the ADDX digital securities exchange.
- The tranche was oversubscribed, raising USD 3 million.
No information is provided on coupon, tenor, pricing, use-of-proceeds or comparative liquidity metrics, so the overall balance-sheet impact cannot be fully evaluated from this filing alone.
Uni-Fuels Holdings Limited ha presentato un Modulo 6-K datato 21 luglio 2025.
- Il documento include un comunicato stampa che annuncia la prima emissione di commercial paper della Società sulla piattaforma di titoli digitali ADDX.
- La tranche è stata sovrasottoscritta, raccogliendo 3 milioni di USD.
Non vengono fornite informazioni su cedola, durata, prezzo, utilizzo dei proventi o metriche di liquidità comparativa, quindi l’impatto complessivo sul bilancio non può essere valutato completamente solo da questo documento.
Uni-Fuels Holdings Limited presentó un Formulario 6-K con fecha 21 de julio de 2025.
- La presentación incluye un comunicado de prensa que anuncia la primera emisión de papel comercial de la Compañía en la bolsa de valores digitales ADDX.
- La emisión fue sobresuscrita, recaudando 3 millones de USD.
No se proporciona información sobre cupón, plazo, precio, uso de fondos ni métricas comparativas de liquidez, por lo que el impacto total en el balance no puede evaluarse completamente solo con esta presentación.
Uni-Fuels Holdings Limited은 2025년 7월 21일자 Form 6-K를 제출했습니다.
- 해당 제출문서에는 회사가 ADDX 디지털 증권 거래소에서 첫 상업어음 발행을 발표하는 보도자료가 포함되어 있습니다.
- 이 트랜치는 초과 청약되어 미화 300만 달러를 조달했습니다.
쿠폰, 만기, 가격, 자금 사용처 또는 비교 유동성 지표에 대한 정보가 제공되지 않아 이 제출문서만으로는 전체 재무 상태에 미치는 영향을 완전히 평가할 수 없습니다.
Uni-Fuels Holdings Limited a déposé un formulaire 6-K daté du 21 juillet 2025.
- Le dépôt comprend un communiqué de presse annonçant la première émission de billets de trésorerie de la société sur la bourse de titres numériques ADDX.
- La tranche a été sursouscrite, levant 3 millions de dollars américains.
Aucune information n’est fournie concernant le coupon, la durée, le prix, l’utilisation des fonds ou les métriques de liquidité comparatives, de sorte que l’impact global sur le bilan ne peut être pleinement évalué à partir de ce seul dépôt.
Uni-Fuels Holdings Limited reichte ein Formular 6-K mit Datum vom 21. Juli 2025 ein.
- Die Einreichung enthält eine Pressemitteilung, die die erste Commercial Paper Emission des Unternehmens an der digitalen Wertpapierbörse ADDX ankündigt.
- Die Tranche war überzeichnet und brachte 3 Millionen USD ein.
Es werden keine Informationen zu Kupon, Laufzeit, Preisgestaltung, Verwendung der Erlöse oder vergleichbaren Liquiditätskennzahlen bereitgestellt, sodass die Gesamtwirkung auf die Bilanz anhand dieser Einreichung allein nicht vollständig bewertet werden kann.
- Oversubscribed USD 3 million commercial paper issuance demonstrates investor demand and adds incremental liquidity.
- No disclosure of coupon, tenor, pricing or use-of-proceeds limits evaluation of funding cost and strategic impact.
- Small issuance size suggests limited balance-sheet effect unless the Company’s scale is very small.
Insights
TL;DR: Small but oversubscribed $3 m CP deal hints at demand; financial impact unclear without terms.
The disclosed USD 3 million commercial paper issuance is the Company’s first use of ADDX’s digital platform. Oversubscription signals investor appetite and may slightly lower funding costs versus traditional channels. However, the absence of maturity, coupon or use-of-proceeds data prevents assessment of cost of capital or leverage effects. Given the modest size, the event is likely liquidity-positive but not materially transformative.
Uni-Fuels Holdings Limited ha presentato un Modulo 6-K datato 21 luglio 2025.
- Il documento include un comunicato stampa che annuncia la prima emissione di commercial paper della Società sulla piattaforma di titoli digitali ADDX.
- La tranche è stata sovrasottoscritta, raccogliendo 3 milioni di USD.
Non vengono fornite informazioni su cedola, durata, prezzo, utilizzo dei proventi o metriche di liquidità comparativa, quindi l’impatto complessivo sul bilancio non può essere valutato completamente solo da questo documento.
Uni-Fuels Holdings Limited presentó un Formulario 6-K con fecha 21 de julio de 2025.
- La presentación incluye un comunicado de prensa que anuncia la primera emisión de papel comercial de la Compañía en la bolsa de valores digitales ADDX.
- La emisión fue sobresuscrita, recaudando 3 millones de USD.
No se proporciona información sobre cupón, plazo, precio, uso de fondos ni métricas comparativas de liquidez, por lo que el impacto total en el balance no puede evaluarse completamente solo con esta presentación.
Uni-Fuels Holdings Limited은 2025년 7월 21일자 Form 6-K를 제출했습니다.
- 해당 제출문서에는 회사가 ADDX 디지털 증권 거래소에서 첫 상업어음 발행을 발표하는 보도자료가 포함되어 있습니다.
- 이 트랜치는 초과 청약되어 미화 300만 달러를 조달했습니다.
쿠폰, 만기, 가격, 자금 사용처 또는 비교 유동성 지표에 대한 정보가 제공되지 않아 이 제출문서만으로는 전체 재무 상태에 미치는 영향을 완전히 평가할 수 없습니다.
Uni-Fuels Holdings Limited a déposé un formulaire 6-K daté du 21 juillet 2025.
- Le dépôt comprend un communiqué de presse annonçant la première émission de billets de trésorerie de la société sur la bourse de titres numériques ADDX.
- La tranche a été sursouscrite, levant 3 millions de dollars américains.
Aucune information n’est fournie concernant le coupon, la durée, le prix, l’utilisation des fonds ou les métriques de liquidité comparatives, de sorte que l’impact global sur le bilan ne peut être pleinement évalué à partir de ce seul dépôt.
Uni-Fuels Holdings Limited reichte ein Formular 6-K mit Datum vom 21. Juli 2025 ein.
- Die Einreichung enthält eine Pressemitteilung, die die erste Commercial Paper Emission des Unternehmens an der digitalen Wertpapierbörse ADDX ankündigt.
- Die Tranche war überzeichnet und brachte 3 Millionen USD ein.
Es werden keine Informationen zu Kupon, Laufzeit, Preisgestaltung, Verwendung der Erlöse oder vergleichbaren Liquiditätskennzahlen bereitgestellt, sodass die Gesamtwirkung auf die Bilanz anhand dieser Einreichung allein nicht vollständig bewertet werden kann.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
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(Address of principal executive offices) |
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(Zip Code) |
Registrant’s telephone number, including area code:
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class |
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Trading |
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Name of Each Exchange on which Registered |
Class A common stock, $0.001 par value per share |
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MSTR |
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The Nasdaq Global Select Market |
8.00% Series A Perpetual Strike Preferred Stock, $0.001 par value per share |
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STRK |
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The Nasdaq Global Select Market |
10.00% Series A Perpetual Strife Preferred Stock, $0.001 par value per share |
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STRF
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The Nasdaq Global Select Market |
10.00% Series A Perpetual Stride Preferred Stock, $0.001 par value per share |
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STRD
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The Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
ATM Updates
On July 21, 2025, MicroStrategy Incorporated d/b/a Strategy (“Strategy” or the “Company”) announced updates with respect to its at-the-market offering programs:
ATM Program Summary |
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During Period July 14, 2025 to July 20, 2025 |
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As of July 20, 2025 |
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Shares Sold |
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Notional Value (in millions) (1) |
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Net Proceeds (in millions) (2) |
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Available for Issuance and Sale (in millions) |
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Common ATM |
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1,636,373 MSTR Shares
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- |
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$736.4
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$17,042.7 |
Securities Offered: Class A Common Stock, $0.001 par value per share (“MSTR Shares”) |
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Size: $21 billion |
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Established: May 1, 2025 |
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STRK ATM |
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5,441 STRK Shares |
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$0.5 |
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$0.7
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$20,450.2 |
Securities Offered: 8.00% series A perpetual strike preferred stock, $0.001 par value per share (“STRK Shares”) Size: $21 billion Established: March 10, 2025 |
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STRF ATM |
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2,000 STRF Shares
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$0.2 |
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$0.2
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$1,881.1
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Securities Offered: 10.00% series A perpetual strife preferred stock, $0.001 par value per share (“STRF Shares”) Size: $2.1 billion Established: May 22, 2025 |
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STRD ATM
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31,282 STRD Shares
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$3.1 |
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$3.0 |
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$4,182.0 |
Securities Offered: 10.00% series A perpetual stride preferred stock, $0.001 par value per share (“STRD Shares”) Size: $4.2 billion Established: July 7, 2025 |
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Total |
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$740.3 |
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(1) The total face value of the shares of preferred stock sold, which is used to calculate dividends thereon.
(2) Net proceeds are presented net of sales commission.
BTC Update
On July 21, 2025, Strategy announced updates with respect to its bitcoin holdings:
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During Period July 14, 2025 to July 20, 2025 |
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As of July 20, 2025 |
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BTC Acquired (1) |
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Aggregate Purchase Price (in millions) (2) |
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Average Purchase Price (2) |
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Aggregate BTC Holdings |
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Aggregate Purchase Price (in billions) (2) |
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Average Purchase Price (2) |
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6,220 |
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$ |
739.8 |
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118,940 |
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607,770 |
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43.61 |
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71,756 |
(1) The bitcoin purchases were made using proceeds from the MSTR ATM, STRK ATM, STRF ATM and STRD ATM.
(2) Aggregate and average purchase prices are inclusive of fees and expenses.
Item 7.01 Regulation FD Disclosure.
Strategy Dashboard
The Company also maintains a dashboard on its website (www.strategy.com) as a disclosure channel for providing broad, non-exclusionary distribution of information regarding the Company to the public, including information regarding market prices of its outstanding securities, bitcoin purchases and holdings, certain KPI metrics and other supplemental information, and as one means of disclosing non-public information in compliance with its disclosure obligations under Regulation FD. Investors and others are encouraged to regularly review the information that the Company makes public via the website dashboard.
Furnished Information
The information disclosed pursuant to Item 7.01 in this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: July 21, 2025 |
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MicroStrategy Incorporated (Registrant) |
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By: |
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/s/ W. Ming Shao |
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Name: |
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W. Ming Shao |
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Title: |
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Executive Vice President & General Counsel |
FAQ
What did Uni-Fuels (UFG) announce in its July 21 2025 Form 6-K?
How much capital did Uni-Fuels raise through the commercial paper issuance?
Was the Uni-Fuels commercial paper offering successful?
Which platform handled the Uni-Fuels commercial paper issuance?
Does the filing disclose interest rate or maturity terms of the paper?
