$MSTR Nasdaq 100 Tracking - 11/15/2024 So one unique movement to include in the update today, I have incorporated $PLTR (Palantir) into the data as they announced their move over to Nasdaq which will make them eligible for inclusion as well. With their market cap, they currently sit in spot #29. Not important to MSTR other than to say that they did take over one of those coveted "Top 75" slots and we need to be aware of that. But back to the star of the show. $MSTR is currently sitting in spot #61 which holds them firmly in the Top 75 at this time. With their current allocation, this would provide MSTR with an estimated $798.5M in inflows from the top 3 funds. We have 9 more trading days before their fate is locked in. #Bitcoin has continued to show great resilience at these new highs which is holding MSTR relatively steady within the rankings. The MSCI World index will rebalance 11/26 and we will have to wait and see if we get another share count update from MSTR from ATM usage before the 11/29 snapshot is taken. It's going to be exciting all the way to the end!

$MSTR Convertible Notes - Conversion Eligibility Watch 2027 Notes ($1.05B / 7,330,050 Shares) Status: Eligible ✅ The 2027 notes have qualified for early conversion by the bond holders. In addition, these have also qualified for early cash redemption by MSTR. 2028 Notes ($1.01B / 5,513,489 Shares) Status: Not Eligible ❌ We have had 12 closes above the $238.14 130% trigger price in the last 15 days. We need 8 more closes above $238.14 over the next 15 trading days. 2030 Notes ($800M / 5,341,600 Shares) Status: Eligible ✅ The 2030 notes have qualified for early conversion by the bond holder. For these, it is 100% up to bond holder discretion and MSTR cannot call for redemption. 2031 Notes ($603.75M / 2,594,310 Shares) Status: Not Eligible ❌ We have had 5 closes above the $302.54 130% trigger price in the last 5 day. We need 15 more closes above $302.54 over the next 25 trading days. 2032 Notes ($800M / 3,915,200 Shares) Status: Not Eligible ❌ We have had 7 closes above the $265.63 130% trigger price in the last 7 days. We need 13 more closes above $265.63 over the next 23 trading days. Reminder: This is only tracking eligibility. There is no obligation for the bond holders to convert or for MSTR to redeem for cash (2027 only).