XML 42 R29.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

At-the-Market Equity Offerings (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
At Market Equity Offerings [Abstract] |
Summary of Active At-the-Market Equity Offering | The following table summarizes the terms and provisions of each sales agreement, and pursuant to each at-the-market equity offering program that was active during the six months ended June 30, 2024 and the year ended December 31, 2023. The maximum aggregate offering price and cumulative net proceeds (less sales commissions and expenses) for each at-the-market equity offering program in the following table are reported in thousands.
|  | November 2023 Sales Agreement |  |  | August 2023 Sales Agreement |  |  | May 2023 Sales Agreement |  |  | 2022 Sales Agreement |
Agreement effective date |  | November 30, 2023 |  |  | August 1, 2023 |  |  | May 1, 2023 |  |  | September 9, 2022 |
Sales agents |  | Cowen and Company, LLC, Canaccord Genuity LLC, and BTIG, LLC |  |  | Cowen and Company, LLC, Canaccord Genuity LLC, and Berenberg Capital Markets LLC |  |  | Cowen and Company, LLC and Canaccord Genuity LLC |  |  | Cowen and Company, LLC and BTIG, LLC |
Maximum aggregate offering price |  | $ | 750,000 |  |  | $ | 750,000 |  |  | $ | 625,000 |  |  | $ | 500,000 |
Maximum commissions payable to sales agents on gross proceeds from the sale of shares |  |  | 2.0 | % |  |  | 2.0 | % |  |  | 2.0 | % |  |  | 2.0 | %
Date terminated |  | July 31, 2024 |  |  | November 29, 2023 |  |  | August 1, 2023 |  |  | May 1, 2023 |
As of June 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |
Cumulative shares sold under such sales agreement |  |  | 1,272,077 |  |  |  | 1,592,950 |  |  |  | 1,079,170 |  |  |  | 1,567,430 |
Cumulative net proceeds received from shares sold under such sales agreement |  | $ | 747,025 |  |  | $ | 737,760 |  |  | $ | 333,494 |  |  | $ | 385,181 |
Summary of Sales Activity of Sales Agreement for At-the-Market Equity Offering | The following table summarizes the sales activity of each sales agreement that was active during 2024 or 2023 for the periods indicated. The net proceeds (less sales commissions and expenses) for each at-the-market equity offering program in the following table are reported in thousands.
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Number of shares sold under such sales agreement: |  |  |  |  |  |  |  |  |  |  |  |
2022 Sales Agreement |  | n/a |  |  |  | 0 |  |  | n/a |  |  |  | 1,348,855 |
May 2023 Sales Agreement |  | n/a |  |  |  | 1,079,170 |  |  | n/a |  |  |  | 1,079,170 |
August 2023 Sales Agreement |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a |
November 2023 Sales Agreement |  |  | 0 |  |  | n/a |  |  |  | 195,162 |  |  | n/a |
Total shares sold pursuant to at-the-market equity offering programs |  |  | 0 |  |  |  | 1,079,170 |  |  |  | 195,162 |  |  |  | 2,428,025 |
Net proceeds received from shares sold under such sales agreement: |  |  |  |  |  |  |  |  |  |  |  |
2022 Sales Agreement |  | n/a |  |  | $ | 0 |  |  | n/a |  |  | $ | 338,962 |
May 2023 Sales Agreement |  | n/a |  |  |  | 333,494 |  |  | n/a |  |  |  | 333,494 |
August 2023 Sales Agreement |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a |
November 2023 Sales Agreement |  |  | 0 |  |  | n/a |  |  |  | 137,152 |  |  | n/a |
Total net proceeds received from shares sold pursuant to at-the-market equity offering programs |  | $ | 0 |  |  | $ | 333,494 |  |  | $ | 137,152 |  |  | $ | 672,456 |

X
- Definition At-the-market equity offerings. + References No definition available. + Details
Name: | mstr_AtMarketEquityOfferingsAbstract
Namespace Prefix: | mstr_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of active at-the-market equity offering. + References No definition available. + Details
Name: | mstr_SummaryOfActiveAtMarketEquityOfferingTableTextBlock
Namespace Prefix: | mstr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of sales activity of sales agreement for at-the-market equity offering. + References No definition available. + Details
Name: | mstr_SummaryOfSalesActivityOfSalesAgreementForAtTheMarketEquityOfferingTableTextBlock
Namespace Prefix: | mstr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration