Strategy Inc SEC Filings

Strategy Inc reported activity in its capital markets, bitcoin holdings, and repurchase programs for the period August 3–9, 2026. Under its at-the-market offering program, it sold 6,585,682 shares of Class A common stock (MSTR), generating $653.1 million in net proceeds, with $22,036.8 million of MSTR capacity remaining for issuance and sale. Of these proceeds, $650.0 million were added to the USD Reserve and $3.1 million to cash. The company sold 1,690 bitcoin for $108.6 million at an average price of $64,262 per bitcoin and held 840,447 bitcoin at an aggregate purchase price of $63.36 billion, or $75,385 per bitcoin on average, as of August 9, 2026. It repurchased 1,152,020 shares of STRC preferred stock for $108.6 million, funded by the bitcoin sales. Remaining authorizations include $785.2 million for preferred stock and $1.0 billion for MSTR repurchases. The USD Reserve balance stood at $4.65 billion as of August 9, 2026.

MicroStrategy Incorporated insider Jarrod M. Patten filed a notice of proposed sale of 3,800 shares of Class A stock, expected to be sold on 08/07/2026 on NASDAQ following a Stock Option Exercise, with cash as the payment method.

The filing also lists multiple prior sales of Class A shares during May–July 2026, including 15,050 shares for $2,331,812.78 on 05/29/2026 and 7,250 shares for $1,071,080.23 on 05/28/2026, showing an ongoing disposition program by the same insider.

Strategy Inc reported modest growth in its Software segment while results were dominated by bitcoin volatility. Total revenues reached $122.4 million for the quarter and $246.7 million for the first half of 2026, up from $225.6 million a year earlier, led by higher subscription services.

Despite this, the company posted a net loss of approximately $8.2 billion for the quarter and $20.8 billion for the first half, versus prior-year profits. The swing was driven primarily by an $8.3 billion quarterly and $22.8 billion year‑to‑date unrealized loss on bitcoin measured at fair value, plus rapidly rising preferred dividends of $630.2 million year‑to‑date.

At June 30, 2026, Strategy held about 846,000 bitcoins with a fair value of $49.7 billion versus a cost basis of $63.9 billion, and management notes that bitcoin represents the vast majority of assets. Long‑term debt, net, declined to $6.7 billion after repurchasing $1.5 billion principal of 2029 Convertible Notes at a discount, generating a $113.9 million gain. Mezzanine preferred equity increased to $14.4 billion, with an aggregate liquidation preference of roughly $15.5 billion, while stockholders’ equity fell to $30.9 billion and accumulated a deficit of $15.2 billion. Operating cash flow was slightly positive, aided by non‑cash digital asset losses and tax effects, and the company continued to raise substantial capital through at‑the‑market issuances of common and preferred stock.

Strategy Inc updated recent capital markets activity. Between July 27 and August 2, 2026 it sold 3,011,361 MSTR shares under its at-the-market offering program, generating $290.6 million in net proceeds, with $22,690.5 million of MSTR Stock still available for issuance and sale across existing and previously announced offerings. Of these proceeds, $250.0 million increased the USD Reserve, $28.9 million funded STRC repurchases, and $11.7 million was added to cash.

The company sold 1,638 BTC for $104.73 million at an average price of $63,957, and held 842,138 BTC as of August 2, 2026 with an aggregate purchase price of $63.51 billion. During the same period it repurchased 912,143 STRC shares for $81.2 million, leaving $893.8 million of preferred and $1.0 billion of common stock repurchase capacity. Strategy will maintain the 12.00% per annum dividend rate on STRC, declared $0.50 per share semi-monthly cash dividends for periods ending August 31 and September 15, 2026, and expects these dividends to be treated as non-taxable returns of capital to the extent of shareholder tax basis. The USD Reserve balance was $4.0 billion as of August 2, 2026.

Strategy Inc reported second quarter 2026 results heavily impacted by bitcoin price movements. An unrealized loss on digital assets of $8.32 billion drove an operating loss of $8.33 billion, compared with $14.03 billion of operating income a year earlier. The company recorded a net loss of $8.22 billion, or $24.45 per diluted share, versus net income of $10.02 billion in the prior-year quarter.

Core operations were relatively stable, with total revenues of $122.4 million, up 6.9% year over year, and gross margin of 66.6%. Bitcoin holdings increased 11% to 846,000 bitcoin as of June 30, 2026, and 843,775 bitcoin with a market value of $54.77 billion as of July 26, 2026. The USD Reserve reached $3.75 billion, estimated to cover preferred dividends and interest for over 2.1 years.

Strategic capital actions included raising $8.41 billion via at-the-market equity offerings in Q2, repurchasing $1.50 billion of 0% Convertible Senior Notes due 2029 at an approximate 8% discount, and authorizing $1.0 billion repurchase programs for STRC Digital Credit Securities and MSTR common stock. The company sold $218.4 million of bitcoin year-to-date 2026 to help fund preferred dividends and expects preferred distributions to be treated as non-taxable return of capital for U.S. federal income tax purposes for the foreseeable future.

Strategy Inc reported second-quarter 2026 revenue of $122.4 million, up from $114.5 million a year earlier, with gross profit of $81.6 million and a 66.6% margin. A $8.32 billion unrealized loss on digital assets drove an operating loss of $8.33 billion and net loss of $8.22 billion, or $24.45 per diluted share, compared with $10.02 billion net income in the prior-year quarter.

Bitcoin holdings rose to 846,000 bitcoin as of June 30, 2026 and 843,775 bitcoin as of July 26, 2026, with a $63.69 billion cost basis and $54.77 billion market value at a $64,915 price. Year-to-date BTC Yield was 4.5%, BTC Gain 29,997 bitcoin and BTC $ Gain $1.95 billion. The company built a $3.75 billion USD Reserve, equal to about 2.1 years of preferred dividends and interest, while raising $8.41 billion via at-the-market equity offerings in the quarter and an additional $1.28 billion in July.

Management repurchased $1.50 billion of 0% Convertible Senior Notes due 2029 for $1.38 billion, reducing convertible debt to $6.71 billion, and began a $1.0 billion STRC preferred-stock repurchase program. It also increased the STRC dividend rate to 12.00% and expects preferred distributions to be treated as non-taxable return of capital for the foreseeable future, subject to changes in earnings and profits.

Strategy Inc director Jarrod M. Patten exercised stock options for 1,950 Class A Common shares on July 24 and again for 1,950 shares on July 27, 2026 at an exercise price of $18.236 per share. He then sold 1,950 shares on July 24 at $92.455 per share and 1,950 shares on July 27 at $98.480 per share. Footnotes state these exercises draw on a larger option grant with 36,100 shares still subject to the option. The filing also reports direct holdings of 10,000, 29,335 and 5,000 shares of three Series A perpetual preferred stock classes.

MicroStrategy Incorporated (MSTR) insider Jarrod M. Patten has filed to sell Class A shares. The notice covers a planned sale of 1,950 Class A shares on 07/27/2026 through Fidelity Brokerage Services LLC, in connection with a stock option exercise, with a stated market value of $192,036.00 and CUSIP 330807622. The filing also lists prior Class A share sales over the past three months, including 1,750 shares for $285,555.00 on 04/30/2026 and 15,050 shares for $2,331,812.78 on 05/29/2026.

Strategy Inc reported activity in its at-the-market offering, repurchase programs, bitcoin holdings and USD reserve for July 20–26, 2026. Under its ATM, it sold 5,429,160 shares of Class A common stock (MSTR), generating $544.5 million in net proceeds. As of July 26, 2026, $22,981.4 million of MSTR capacity (in millions) remained available for issuance and sale under the combined current offering and the previously announced $21.0 billion MSTR Increase.

In its preferred share repurchase program, Strategy repurchased 288,930 shares of STRC for an aggregate $25.0 million during the period, while other preferred series and common stock saw no repurchases. Remaining repurchase capacity totaled $975.0 million for preferred stock and $1.0 billion for Class A common stock.

Strategy also confirmed bitcoin holdings of 843,775 BTC with an aggregate purchase price of $63.69 billion and an average purchase price of $75,476 per bitcoin, inclusive of fees and expenses, with no bitcoin purchases that week. As of July 26, 2026, the USD Reserve stood at $3.75 billion, including expected cash proceeds from unsettled ATM share sales. Strategy highlighted its website dashboard as a channel for ongoing disclosure of security prices, bitcoin activity and key metrics.