XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.25.1

At-the-Market Equity Offerings (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
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 each Common Stock ATM Offering that was active during the three months ended March 31, 2025 and the year ended December 31, 2024. The maximum aggregate offering price and cumulative net proceeds (less sales commissions and expenses) for each Common Stock ATM Offering in the following table are reported in thousands.
|  | October 2024 Sales Agreement |  |  | August 2024 Sales Agreement |  |  | November 2023 Sales Agreement |  |
Agreement effective date |  | October 30, 2024 |  |  | August 1, 2024 |  |  | November 30, 2023 |  |
Maximum aggregate offering price |  | $ | 21,000,000 |  |  | $ | 2,000,000 |  |  | $ | 750,000 |  |
Maximum commissions payable to sales agents on gross proceeds from the sale of shares |  |  | 2.0 | % |  |  | 2.0 | % |  |  | 2.0 | % |
Date terminated/substantially depleted |  | April 30, 2025 |  |  | November 19, 2024 |  |  | July 31, 2024 |  |
As of March 31, 2025: |  |  |  |  |  |  |  |  |  |
Cumulative shares sold under such sales agreement |  |  | 51,296,132 |  |  |  | 11,685,355 |  |  |  | 12,720,770 |  |
Cumulative net proceeds received from shares sold under such sales agreement |  | $ | 18,598,636 |  |  | $ | 1,993,273 |  |  | $ | 747,025 |  |
Maximum aggregate offering price remaining available for sale under such sales agreement (1) |  | $ | 2,367,648 |  |  | n/a |  |  | n/a |  |
(1) As of May 2, 2025, the cumulative shares sold under the October 2024 Sales Agreement was 58,384,669 and the cumulative net proceeds received from shares sold under the October 2024 Sales Agreement was $20.97 billion. Refer to Note 14, Subsequent Events, for further discussion.
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 Common Stock ATM Offering in the following table are reported in thousands.
|  | Three Months Ended |
|  | March 31, |
|  | 2025 |  |  | 2024 |
Number of shares sold under such sales agreement: |  |  |  |  |  |
November 2023 Sales Agreement |  |  | 0 |  |  |  | 1,951,620 |
August 2024 Sales Agreement |  |  | 0 |  |  | n/a |
October 2024 Sales Agreement |  |  | 12,624,595 |  |  | n/a |
Total shares sold pursuant to Common Stock ATM Offerings |  |  | 12,624,595 |  |  |  | 1,951,620 |
Net proceeds received from shares sold under such sales agreement: |  |  |  |  |  |
November 2023 Sales Agreement |  | $ | 0 |  |  | $ | 137,152 |
August 2024 Sales Agreement |  |  | 0 |  |  | n/a |
October 2024 Sales Agreement |  |  | 4,399,205 |  |  | n/a |
Total net proceeds received from shares sold pursuant to Common Stock ATM Offerings |  | $ | 4,399,205 |  |  | $ | 137,152 |

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