Strategy 8-K

Summary

Weekly bitcoin accumulation and capital-allocation update. From 10/26/2026 to 11/1/2026, Strategy sold Class A common stock and used part of the proceeds to buy bitcoin, while using USD Cash to repurchase preferred stock.

Key Figures

• MSTR ATM sales: 1,178,552 shares for $164.0M net proceeds; $65.5M funded bitcoin purchases and $98.5M went to USD Cash.
• Bitcoin: 811 purchased for $65.5M, an average $80,800 per bitcoin including fees and expenses. Holdings reached 849,327 bitcoin, with an aggregate purchase price of $64.1B and an average purchase price of $75,500, including fees and expenses.
• STRC preferred-stock repurchases: 2,092,035 shares for $208.2M. Remaining capacity was $748.6M under the preferred-stock repurchase program and $1.0B under the MSTR repurchase program.
• USD Reserve and USD Cash balances at 11/1/2026: $4.79B and $132.7M, respectively. Strategy used $43.4M of the reserve for preferred-stock dividends and $208.2M of USD Cash for STRC repurchases.
• Remaining ATM capacity: STRF $1.62B; STRC $17.5B; STRK $2.10B; STRD $4.01B; MSTR $18.6B.

Investor Takeaways

• Track subsequent bitcoin purchases and their funding: continued purchases funded by MSTR sales would extend the funding pattern reported here.
• Watch the USD Reserve alongside preferred-stock dividends and debt interest; changes in the balance show how its stated payment-support role is being maintained.