Strategy 8-K

Summary

ATM, bitcoin holdings and repurchase update. During 8/24/2026–8/30/2026, Strategy sold MSTR shares and used part of the proceeds to buy bitcoin and repurchase STRC preferred stock. It also reported its bitcoin holdings and cash balances as of 8/30/2026.

Key Figures

• ATM sales: 4,531,421 MSTR common shares generated $602.8M in net proceeds. Of that, $369.7M funded bitcoin purchases, $151.8M funded STRC repurchases, $50.7M funded STRC dividends and $30.0M increased USD Cash.
• Bitcoin: 4,603 BTC purchased for $369.7M, at an average $80,318 per BTC. Total holdings reached 845,050 BTC, with an aggregate purchase price of $63.73B and an average purchase price of $75,412 per BTC.
• Repurchases: 1,557,177 STRC preferred shares repurchased for $151.8M. Remaining authorization: $364.8M for preferred stock and $1.0B for MSTR common stock.
• Liquidity as of 8/30/2026: USD Reserve of $5.10B and USD Cash of $1.61B; both include expected proceeds from ATM shares not yet settled.
• Remaining ATM availability: STRF $1.6193B; STRC $17.5108B; STRK $2.1B; STRD $4.0148B; MSTR $19.0908B.

Investor Takeaways

• Future ATM sales and repurchases will show how Strategy balances bitcoin accumulation with preferred dividends and capital management.
• Changes in the USD Reserve and USD Cash are relevant to the company’s stated uses for dividend and interest payments and broader treasury purposes.