Strategy 8-K

Equity raise

Class A ATM sales raise cash as the USD reserve supports preferred dividends and debt interest.

Filed 2026-07-20 08:00 ET

Summary

Weekly ATM, bitcoin and reserve update. Strategy sold 2,732,318 Class A common shares through its at-the-market program during 7/13/2026–7/19/2026, receiving $263.5M net; it made no bitcoin purchases or share repurchases.

Key Figures

  • ATM capacity remaining as of 7/19/2026: $23.53B for Class A common stock; $1.62B for STRF, $17.51B for STRC, $2.10B for STRK and $4.01B for STRD preferred stock. No preferred shares were sold during the week.
  • Bitcoin holdings: 843,775 BTC, acquired for $63.69B in aggregate at an average purchase price of $75,476 per BTC, inclusive of fees and expenses.
  • USD reserve: $3.225B as of 7/19/2026, including expected proceeds from ATM shares not yet settled; the reserve supports preferred dividends and interest on outstanding debt.

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