Strategy 8-K

Summary

Weekly at-the-market offering, bitcoin-purchase and preferred-stock repurchase update. Strategy sold MSTR common stock and directed the net proceeds to bitcoin purchases, STRC preferred-stock repurchases and USD Cash. It also identifies its website dashboard as a public channel for information on security prices, bitcoin activity and selected metrics.

Key Figures

• MSTR Class A common stock sales during 11/02/2026–11/08/2026: 2,051,348 shares and $283.8M in net proceeds, including shares sold but unsettled as of 11/06/2026. The proceeds were allocated to bitcoin purchases ($81.9M), STRC repurchases ($188.3M) and USD Cash ($13.6M). The proceeds were ≈11% of Strategy’s $2.50B cash at 9/30/2026 (Q3 FY2026 10-Q).
• Bitcoin purchases during the period: 1,036 bitcoin for $81.9M, or an average $79,000 per bitcoin, inclusive of fees and expenses. As of 11/08/2026, Strategy held 850,364 bitcoin, with an aggregate purchase price of $64.2B and an average purchase price of $75,500 per bitcoin, inclusive of fees and expenses.
• STRC, Strategy’s variable-rate Series A perpetual preferred stock: 1,887,464 shares repurchased for $188.3M. The repurchase was ≈7.5% of cash at 9/30/2026 (Q3 FY2026 10-Q); $560.3M remained available under the preferred-stock repurchase program, and $1.0B remained available under the MSTR repurchase program.
• As of 11/08/2026, remaining capacity for issuance and sale under the at-the-market programs was $1.62B for STRF, $17.5B for STRC, $2.10B for STRK, $4.01B for STRD and $18.3B for MSTR.
• Strategy used $21.1M from its USD Reserve, intended to support preferred dividends and interest on outstanding debt, to pay preferred dividends during the period. As of 11/08/2026, the USD Reserve was $4.77B; USD Cash, which management holds for broader bitcoin-treasury and capital-management purposes, was $146.2M.