XML 77 R66.htm IDEA: XBRL DOCUMENT
v3.25.2

At-the-Market Equity Offerings - Summary of Active Common Stock At-the-Market Equity Offering (Detail) - USD ($) |  |  |  |  |  |  |  |  | 2 Months Ended | 3 Months Ended | 4 Months Ended | 6 Months Ended | 8 Months Ended |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Jun. 30, 2025 | May 01, 2025 | Apr. 30, 2025 | Nov. 19, 2024 | Oct. 30, 2024 | Aug. 01, 2024 | Jul. 31, 2024 | Nov. 30, 2023 | Jun. 30, 2025 | Jun. 30, 2025 | Jun. 30, 2024 | Nov. 19, 2024 | Jun. 30, 2025 | Apr. 30, 2025 | Jun. 30, 2024 | Jul. 31, 2024 | Dec. 31, 2024
At Market Equity Offerings [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cumulative shares of Preferred Stock sold under such sales agreement |  | 0 |  |  |  |  |  |  |  | 0 | 0 |  |  | 0 |  |  |  | 0
Total net proceeds received from shares of class A common stock sold pursuant to Common Stock ATM Offerings |  |  |  |  |  |  |  |  |  |  | $ 5,248,692,000 | $ 0 |  | $ 9,647,897,000 |  | $ 137,152,000 |  |
Class A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At Market Equity Offerings [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cumulative shares sold under such sales agreement |  | 261,318,000 |  |  |  |  |  |  |  | 261,318,000 | 261,318,000 |  |  | 261,318,000 |  |  |  | 226,138,000
October 2024 Sales Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At Market Equity Offerings [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total net proceeds received from shares of class A common stock sold pursuant to Common Stock ATM Offerings |  |  |  |  |  |  |  |  |  |  | $ 2,363,415,000 |  |  | $ 6,762,620,000 |  |  |  |
Cumulative shares sold under such sales agreement |  | 58,384,669 |  |  |  |  |  |  |  | 58,384,669 | 58,384,669 |  |  | 58,384,669 |  |  |  |
October 2024 Sales Agreement | LLC, BTIG, LLC, Canaccord Genuity LLC, Cantor Fitzgerald & Co., Maxim Group LLC, Mizuho Securities USA LLC, and SG Americas Securities, LLC | Class A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At Market Equity Offerings [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agreement effective date |  |  |  |  |  | Oct. 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Maximum aggregate offering price |  |  |  |  |  | $ 21,000,000,000 |  |  |  |  |  |  |  |  |  |  |  |
Maximum commissions payable to sales agents on gross proceeds from the sale of shares |  |  |  |  |  | 2.00% |  |  |  |  |  |  |  |  |  |  |  |
Date terminated/substantially depleted |  |  |  | Apr. 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |
October 2024 Sales Agreement | TD Securities (USA) LLC, The Benchmark Company, LLC, BTIG, LLC, Canaccord Genuity LLC, Maxim Group LLC and SG Americas Securities, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At Market Equity Offerings [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total net proceeds received from shares of class A common stock sold pursuant to Common Stock ATM Offerings |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 20,962,051,000 |  |  |
August 2024 Sales Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At Market Equity Offerings [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total net proceeds received from shares of class A common stock sold pursuant to Common Stock ATM Offerings |  |  |  |  |  |  |  |  |  |  | $ 0 |  |  | $ 0 |  |  |  |
Cumulative shares sold under such sales agreement |  | 11,685,355 |  |  |  |  |  |  |  | 11,685,355 | 11,685,355 |  |  | 11,685,355 |  |  |  |
August 2024 Sales Agreement | TD Securities (USA) LLC, The Benchmark Company, LLC, BTIG, LLC, Canaccord Genuity LLC, Maxim Group LLC and SG Americas Securities, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At Market Equity Offerings [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total net proceeds received from shares of class A common stock sold pursuant to Common Stock ATM Offerings |  |  |  |  |  |  |  |  |  |  |  |  | $ 1,993,273,000 |  |  |  |  |
August 2024 Sales Agreement | TD Securities (USA) LLC, The Benchmark Company, LLC, BTIG, LLC, Canaccord Genuity LLC, Maxim Group LLC and SG Americas Securities, LLC | Class A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At Market Equity Offerings [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agreement effective date |  |  |  |  |  |  | Aug. 01, 2024 |  |  |  |  |  |  |  |  |  |  |
Maximum aggregate offering price |  |  |  |  |  |  | $ 2,000,000,000 |  |  |  |  |  |  |  |  |  |  |
Maximum commissions payable to sales agents on gross proceeds from the sale of shares |  |  |  |  |  |  | 2.00% |  |  |  |  |  |  |  |  |  |  |
August 2024 Sales Agreement | Cowen and Company LLC, Canaccord Genuity LLC, and BTIG, LLC | Class A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At Market Equity Offerings [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Date terminated/substantially depleted |  |  |  |  | Nov. 19, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |
November 2023 Sales Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At Market Equity Offerings [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total net proceeds received from shares of class A common stock sold pursuant to Common Stock ATM Offerings |  |  |  |  |  |  |  |  |  |  | $ 0 | $ 0 |  | $ 0 |  | $ 137,152,000 |  |
Cumulative shares sold under such sales agreement |  | 12,720,770 |  |  |  |  |  |  |  | 12,720,770 | 12,720,770 |  |  | 12,720,770 |  |  |  |
November 2023 Sales Agreement | Cowen and Company LLC, Canaccord Genuity LLC, and BTIG, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At Market Equity Offerings [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total net proceeds received from shares of class A common stock sold pursuant to Common Stock ATM Offerings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 747,025,000 |
November 2023 Sales Agreement | Cowen and Company LLC, Canaccord Genuity LLC, and BTIG, LLC | Class A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At Market Equity Offerings [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agreement effective date |  |  |  |  |  |  |  |  | Nov. 30, 2023 |  |  |  |  |  |  |  |  |
Maximum aggregate offering price |  |  |  |  |  |  |  |  | $ 750,000,000 |  |  |  |  |  |  |  |  |
Maximum commissions payable to sales agents on gross proceeds from the sale of shares |  |  |  |  |  |  |  |  | 2.00% |  |  |  |  |  |  |  |  |
Date terminated/substantially depleted |  |  |  |  |  |  |  | Jul. 31, 2024 |  |  |  |  |  |  |  |  |  |
May 2025 Sales Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At Market Equity Offerings [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total net proceeds received from shares of class A common stock sold pursuant to Common Stock ATM Offerings |  |  |  |  |  |  |  |  |  |  | $ 2,885,277,000 |  |  | $ 2,885,277,000 |  |  |  |
Cumulative shares sold under such sales agreement |  | 7,137,083 |  |  |  |  |  |  |  | 7,137,083 | 7,137,083 |  |  | 7,137,083 |  |  |  |
May 2025 Sales Agreement | TD Securities (USA) LLC, The Benchmark Company, LLC, BTIG, LLC, Canaccord Genuity LLC, Maxim Group LLC and SG Americas Securities, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At Market Equity Offerings [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total net proceeds received from shares of class A common stock sold pursuant to Common Stock ATM Offerings |  |  |  |  |  |  |  |  |  | $ 2,885,277,000 |  |  |  |  |  |  |  |
May 2025 Sales Agreement | TD Securities (USA) LLC, The Benchmark Company, LLC, BTIG, LLC, Canaccord Genuity LLC, Maxim Group LLC and SG Americas Securities, LLC | Class A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At Market Equity Offerings [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agreement effective date |  |  | May 01, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maximum aggregate offering price |  |  | $ 21,000,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maximum commissions payable to sales agents on gross proceeds from the sale of shares |  |  | 2.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maximum aggregate offering price remaining available for sale under such sales agreement | [1] | $ 18,111,044 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
STRK Sales Agreement [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At Market Equity Offerings [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agreement effective date |  |  |  |  |  |  |  |  |  |  |  |  |  | Mar. 10, 2025 |  |  |  |
Maximum commissions payable to sales agents on gross proceeds from the sale of shares |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.00% |  |  |  |
Cumulative shares of Preferred Stock sold under such sales agreement |  | 4,901,367 |  |  |  |  |  |  |  | 4,901,367 | 4,901,367 |  |  | 4,901,367 |  |  |  |
STRF Sales Agreement [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At Market Equity Offerings [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agreement effective date |  |  |  |  |  |  |  |  |  |  |  |  |  | May 22, 2025 |  |  |  |
Maximum commissions payable to sales agents on gross proceeds from the sale of shares |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.00% |  |  |  |
Cumulative shares of Preferred Stock sold under such sales agreement |  | 1,566,750 |  |  |  |  |  |  |  | 1,566,750 | 1,566,750 |  |  | 1,566,750 |  |  |  |
[1] | Refer to Note 14, Subsequent Events, for Common Stock ATM Offering activity for the period from July 1, 2025 through July 31, 2025.

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

X
- Definition Common stock shares ATM authorized value. + References No definition available. + Details
Name: | mstr_CommonStockSharesATMAuthorizedValue
Namespace Prefix: | mstr_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Common stock shares atm authorized remaining value. + References No definition available. + Details
Name: | mstr_CommonStockSharesAtmAuthorizedRemainingValue
Namespace Prefix: | mstr_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The maximum commission percentage on sales under the open market sale agreement.. + References No definition available. + Details
Name: | mstr_MaximumCommissionPercentageATMStockSales
Namespace Prefix: | mstr_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Proceeds from issuance or sale of equity net. + References No definition available. + Details
Name: | mstr_ProceedsFromIssuanceOrSaleOfEquityNet
Namespace Prefix: | mstr_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Sales agreement effective date. + References No definition available. + Details
Name: | mstr_SalesAgreementEffectiveDate
Namespace Prefix: | mstr_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Sales agreement termination date. + References No definition available. + Details
Name: | mstr_SalesAgreementTerminationDate
Namespace Prefix: | mstr_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_CommonStockSharesIssued
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number of shares issued for nonredeemable preferred shares and preferred shares redeemable solely at option of issuer. Includes, but is not limited to, preferred shares issued, repurchased, and held as treasury shares. Excludes preferred shares classified as debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 + Details
Name: | us-gaap_PreferredStockSharesIssued
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=mstr_October2024SalesAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CounterpartyNameAxis=mstr_LlcBtigLlcCanaccordGenuityLlcCantorFitzgeraldCoMaximGroupLlcMizuhoSecuritiesUsaLlcAndSgAmericasSecuritiesLlcMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CounterpartyNameAxis=mstr_TdSecuritiesUsaLlcTheBenchmarkCompanyLlcBtigLlcCanaccordGenuityLlcMaximGroupLlcAndSgAmericasSecuritiesLlcMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=mstr_August2024SalesAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CounterpartyNameAxis=mstr_CowenAndCompanyLLCCanaccordGenuityLLCAndBtigLLCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=mstr_November2023SalesAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=mstr_May2025SalesAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=mstr_STRKSalesAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=mstr_STRFSalesAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |