SCHEDULE 13G/A: Susquehanna Group Discloses 4.8% Passive Stake in MicroStrategy
Beneficial Ownership Amendment
A group of affiliated entities, including Capital Ventures International and Susquehanna Advisors Group, Inc., has disclosed a collective 4.8% beneficial ownership stake in MicroStrategy Incorporated's Class A common stock.
Summary
- A group of six affiliated entities, including Capital Ventures International, Susquehanna Advisors Group, Inc., G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Investment Group, and Susquehanna Securities, LLC, collectively reported beneficial ownership of 11,596,418 shares of MicroStrategy Incorporated's Class A common stock.
- This aggregate ownership represents 4.8% of MicroStrategy's Class A common stock outstanding as of March 16, 2025, which was 240,816,421 shares.
- The beneficial ownership includes shares issuable upon conversion of various convertible senior notes held by Capital Ventures International, totaling 2,150,250 shares.
- The ownership also includes shares issuable upon redemption of 8.00% Series A Perpetual Strike Preferred Stock (STRK) held by G1 Execution Services, LLC (316.8 shares) and Susquehanna Securities, LLC (10 shares).
- A significant portion of the stake is derived from options to buy shares, including 1,500 shares for SIG Brokerage, LP, 49,000 shares for Susquehanna Investment Group, and 8,527,800 shares for Susquehanna Securities, LLC.
- The filing is an Amendment No. 1 to Schedule 13G, indicating a passive investment purpose, with the reporting persons certifying that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that inherently indicates positive or negative sentiment regarding the issuer's performance or prospects.
Positives
- The disclosure of a significant 4.8% beneficial ownership stake by a group of investment entities may signal investor confidence in MicroStrategy Incorporated.
Negatives
- The document does not contain information that indicates negative aspects regarding MicroStrategy Incorporated's operations or financial health.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of beneficial ownership and does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders: Provides transparency on significant passive ownership stakes, which can influence market perception and liquidity.
Key Dates
| Date | Description |
|---|---|
| December 4, 2012 | Limited Power of Attorney granted by Capital Ventures International to Susquehanna Advisors Group, Inc. |
| March 16, 2025 | Date as of which 240,816,421 MicroStrategy Class A common shares were outstanding. |
| March 21, 2025 | Date of Prospectus Supplement filing (Registration No. 333-284510). |
| March 31, 2025 | Date of event requiring the filing of this Schedule 13G/A statement. |
| May 15, 2025 | Date of signing of the Schedule 13G/A and Joint Filing Agreement by all reporting persons. |
Keywords
MicroStrategy, MSTR, Schedule 13G, Beneficial Ownership, Convertible Notes, Options, Preferred Stock, Investment Group, Capital Ventures International, Susquehanna Advisors Group
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