Strategy Inc (NASDAQ: MSTR) boosts bitcoin stake using ATM share sales
Rhea-AI Filing Summary
Strategy Inc reported recent activity in its at-the-market stock offering and its bitcoin strategy. Between February 2 and February 8, 2026, it sold 616,715 shares of its Class A common stock (MSTR), generating net proceeds of $89.5 million. No preferred shares under tickers STRF, STRC, STRK, or STRD were sold in this period.
Over the same dates, Strategy acquired 1,142 bitcoin for an aggregate purchase price of $90.0 million, or $78,815 per bitcoin including fees. As of February 8, 2026, the company held 714,644 bitcoin in total, with an aggregate purchase price of $54.35 billion and an average purchase price of $76,056 per bitcoin. Strategy also highlighted a public dashboard on its website that tracks its securities and bitcoin holdings.
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Insights
Strategy converts ATM equity sales into large bitcoin purchases, expanding its already substantial BTC position.
Strategy Inc used its at-the-market program to sell 616,715 MSTR shares, raising net proceeds of $89.5 million over February 2–8, 2026. This represents incremental equity issuance, while available capacity under the program remains large across both preferred and common stock.
During the same period, the company acquired 1,142 bitcoin for $90.0 million at an average price of $78,815, using proceeds from these share sales. This links shareholder dilution directly to growth in bitcoin exposure, reinforcing the firm’s strategy of holding bitcoin as a core asset.
As of February 8, 2026, Strategy reported aggregate holdings of 714,644 bitcoin with a cost basis of $54.35 billion and an average purchase price of $76,056. Future filings and the company’s public dashboard are the primary tools for tracking changes in both equity issuance and bitcoin accumulation.
8-K Event Classification
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
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Registrant’s telephone number, including area code:
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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Name of Each Exchange on which Registered |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
ATM Update
On February 9, 2026, Strategy Inc ("Strategy") announced an update with respect to sales made under its at-the-market offering program ("ATM") of the following securities:
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During Period February 2, 2026 to February 8, 2026 |
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As of February 8, 2026 |
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Security |
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Shares Sold |
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Notional Value (in millions) (1) |
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Net Proceeds (in millions) (2) |
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Available for Issuance and Sale (in millions) |
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STRF Stock |
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- |
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$ |
- |
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$ |
- |
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$ |
1,619.3 |
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10.00% Series A Perpetual Strife Preferred Stock |
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STRC Stock |
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- |
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$ |
- |
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$ |
- |
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$ |
3,621.4 |
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Variable Rate Series A Perpetual Stretch Preferred Stock |
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STRK Stock |
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- |
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$ |
- |
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$ |
- |
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$ |
20,331.6 |
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8.00% Series A Perpetual Strike Preferred Stock |
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STRD Stock |
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- |
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$ |
- |
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$ |
- |
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$ |
4,014.8 |
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10.00% Series A Perpetual Stride Preferred Stock |
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MSTR Stock |
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616,715 |
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$ |
- |
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$ |
89.5 |
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$ |
7,974.3 |
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Class A Common Stock |
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Total |
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$ |
89.5 |
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(1) The total face value of the shares of preferred stock sold, which is used to calculate dividends thereon.
(2) Net proceeds are presented net of sales commission.
BTC Update
On February 9, 2026, Strategy announced updates with respect to its bitcoin holdings:
During Period February 2, 2026 to February 8, 2026 |
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As of February 8, 2026 |
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BTC Acquired (1) |
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Aggregate Purchase Price (in millions) (2) |
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Average Purchase Price (2) |
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Aggregate BTC Holdings |
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Aggregate Purchase Price (in billions) (2) |
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Average Purchase Price (2) |
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1,142 |
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90.0 |
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$ |
78,815 |
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714,644 |
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54.35 |
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76,056 |
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(1) The bitcoin purchases were made using proceeds from the sale of shares under the ATM.
(2) Aggregate and average purchase prices are inclusive of fees and expenses.
Item 7.01 Regulation FD Disclosure.
Strategy Dashboard
Strategy also maintains a dashboard on its website (www.strategy.com) as a disclosure channel for providing broad, non-exclusionary distribution of information regarding Strategy to the public, including information regarding market prices of its outstanding securities, bitcoin purchases and holdings, certain key performance indicator metrics and other
supplemental information, and as one means of disclosing non-public information in compliance with its disclosure obligations under Regulation FD. Investors and others are encouraged to regularly review the information that Strategy makes public via the website dashboard.
Furnished Information
The information disclosed pursuant to Item 7.01 in this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: February 9, 2026 |
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Strategy Inc (Registrant) |
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By: |
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/s/ Thomas C. Chow |
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Name: |
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Thomas C. Chow |
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Title: |
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Executive Vice President & General Counsel |