Strategy 8-K

Summary

ATM, bitcoin holdings and repurchase update. During 8/10/2026–8/16/2026, Strategy sold 3,458,866 MSTR shares for $333.7M net proceeds, made no bitcoin purchases or sales, and repurchased STRC preferred shares. The company said MSTR sale proceeds funded STRC dividends and repurchases, with the balance added to its USD reserve.

Key Figures

• ATM: MSTR capacity available for issuance and sale was $21.7B as of 8/16/2026; remaining capacity was $1.62B for STRF, $17.5B for STRC, $2.10B for STRK and $4.01B for STRD. MSTR proceeds were allocated to STRC dividends ($52.4M), STRC repurchases ($132.2M) and the USD reserve ($149.1M).
• Bitcoin: 840,447 BTC held as of 8/16/2026; aggregate purchase price $63.36B and average purchase price $75,385. No BTC was bought or sold during the week.
• Repurchases and reserve: Strategy bought back 1,388,720 STRC shares for $132.2M; $653.0M remained available under the preferred-stock repurchase program, and $1.0B under the MSTR repurchase program. The USD reserve was $4.80B, including expected proceeds from ATM shares not yet settled.

Investor Takeaways

• Future ATM sales and changes in the USD reserve are worth monitoring against the reserve’s stated purpose of supporting preferred dividends and interest on outstanding debt.