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.

Insights

Equity and digital assets analyst

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.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): February 9, 2026

STRATEGY INC

(Exact name of registrant as specified in its charter)

Delaware		001-42509		51-0323571
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

1850 Towers Crescent Plaza Tysons Corner, Virginia		22182
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (703) 848-8600

(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)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	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:

Title of Each Class		Trading Symbol		Name of Each Exchange on which Registered
10.00% Series A Perpetual Strife Preferred Stock, $0.001 par value per share		STRF		The Nasdaq Global Select Market
Variable Rate Series A Perpetual Stretch Preferred Stock, $0.001 par value per share		STRC		The Nasdaq Global Select Market
8.00% Series A Perpetual Strike Preferred Stock, $0.001 par value per share		STRK		The Nasdaq Global Select Market
10.00% Series A Perpetual Stride Preferred Stock, $0.001 par value per share		STRD		The Nasdaq Global Select Market
Class A common stock, $0.001 par value per share		MSTR		The Nasdaq Global Select Market

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:

		During Period February 2, 2026 to February 8, 2026									As of February 8, 2026
Security		Shares Sold			Notional Value (in millions) (1)			Net Proceeds (in millions) (2)			Available for Issuance and Sale (in millions)
STRF Stock			-		$	-		$	-		$	1,619.3
10.00% Series A Perpetual Strife Preferred Stock
STRC Stock			-		$	-		$	-		$	3,621.4
Variable Rate Series A Perpetual Stretch Preferred Stock
STRK Stock			-		$	-		$	-		$	20,331.6
8.00% Series A Perpetual Strike Preferred Stock
STRD Stock			-		$	-		$	-		$	4,014.8
10.00% Series A Perpetual Stride Preferred Stock
MSTR Stock			616,715		$	-		$	89.5		$	7,974.3
Class A Common Stock
Total								$	89.5

(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										As of February 8, 2026
BTC Acquired (1)			Aggregate Purchase Price (in millions) (2)			Average Purchase Price (2)				Aggregate BTC Holdings			Aggregate Purchase Price (in billions) (2)			Average Purchase Price (2)
	1,142		$	90.0		$	78,815				714,644		$	54.35		$	76,056

(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.

Date: February 9, 2026				Strategy Inc (Registrant)
				By:		/s/ Thomas C. Chow
				Name:		Thomas C. Chow
				Title:		Executive Vice President & General Counsel

FAQ

How many MSTR shares did Strategy Inc sell in its latest ATM update?

Strategy Inc sold 616,715 Class A common shares (MSTR) through its at-the-market program between February 2 and February 8, 2026, generating net proceeds of $89.5 million. These sales occurred alongside unchanged issuance levels for its listed preferred stock series.

What are Strategy Inc’s current bitcoin holdings according to the 8-K for MSTR?

As of February 8, 2026, Strategy Inc reported holding 714,644 bitcoin in total. The aggregate purchase price was $54.35 billion, with an average purchase price of $76,056 per bitcoin, inclusive of fees and expenses across all purchases to date.

How much bitcoin did Strategy Inc buy during February 2–8, 2026?

Between February 2 and February 8, 2026, Strategy Inc acquired 1,142 bitcoin. The aggregate purchase price was $90.0 million, reflecting an average price of $78,815 per bitcoin, including all fees and expenses as disclosed in the filing.

Did Strategy Inc sell any of its preferred stock series STRF, STRC, STRK, or STRD?

During the period from February 2 to February 8, 2026, Strategy Inc reported no sales of preferred stock under tickers STRF, STRC, STRK, or STRD. However, significant capacity remains available for issuance and sale under its at-the-market offering program.

How does Strategy Inc fund its bitcoin purchases according to the latest MSTR 8-K?

The company stated that bitcoin purchases were made using proceeds from the sale of shares under its at-the-market program. For February 2–8, 2026, 616,715 MSTR shares generated $89.5 million, which it used to acquire 1,142 bitcoin for $90.0 million.

Where can investors track Strategy Inc’s bitcoin and securities data for MSTR?

Strategy Inc maintains a public dashboard on www.strategy.com as a disclosure channel. The dashboard provides information on market prices of its securities, bitcoin purchases and holdings, key performance indicators, and other supplemental data as part of its Regulation FD compliance approach.