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Strategy Inc (NASDAQ: MSTR) adds 2,932 BTC funded by new stock sales

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Strategy Inc reported recent activity in its at-the-market stock offering and its bitcoin accumulation. Between January 20 and January 25, 2026, the company sold 70,201 shares of its STRC preferred stock for net proceeds of $7.0 million and 1,569,770 shares of its MSTR Class A common stock for net proceeds of $257.0 million, for total net proceeds of $264.0 million.

The filing states that the bitcoin purchases during this period were funded with proceeds from these share sales. Over that period, Strategy acquired 2,932 bitcoin for an aggregate purchase price of $264.1 million, or an average of $90,061 per bitcoin. As of January 25, 2026, it held an aggregate 712,647 bitcoin with a total purchase price of $54.19 billion, reflecting an average cost of $76,037 per bitcoin.

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Insights

Strategy Inc used an ATM equity raise to fund sizable new bitcoin purchases, expanding its already large BTC position.

Strategy Inc sold 1,569,770 MSTR Class A shares and 70,201 STRC preferred shares, generating total net proceeds of $264.0 million. The table shows large remaining capacity under its at-the-market program across multiple preferred series and common stock, which permits additional issuance if the company chooses.

The company then applied $264.1 million to acquire 2,932 bitcoin at an average price of $90,061 per bitcoin. As of January 25, 2026, Strategy held 712,647 bitcoin with an aggregate purchase price of $54.19 billion and an average cost of $76,037 per bitcoin. This filing reinforces that the company continues to use equity issuance proceeds to increase its bitcoin holdings, and future disclosures in company filings may provide further detail on subsequent sales and purchases.

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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): January 26, 2026

 

img228676164_0.jpg

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 January 26, 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 January 20, 2026 to January 25, 2026

 

As of January 25, 2026

 

Security

 

Shares Sold(1)

 

Notional Value (in millions) (2)

 

Net Proceeds (in millions) (3)

 

Available for Issuance and Sale (in millions)

 

STRF Stock

 

 

-

 

$

-

 

$

-

 

$

1,619.3

 

10.00% Series A Perpetual Strife Preferred Stock

 

 

 

 

 

 

 

 

 

STRC Stock

 

 

70,201

 

$

7.0

 

$

7.0

 

$

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

 

 

1,569,770

 

$

-

 

$

257.0

 

$

8,170.1

 

Class A Common Stock

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

$

264.0

 

 

 

 

(1) Includes shares sold but not yet settled as of January 25, 2026.

(2) The total face value of the shares of preferred stock sold, which is used to calculate dividends thereon.

(3) Net proceeds are presented net of sales commission.

 

 

BTC Update

On January 26, 2026, Strategy announced updates with respect to its bitcoin holdings:

During Period January 20, 2026 to January 25, 2026

 

 

As of January 25, 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)

 

 

2,932

 

$

264.1

 

$

90,061

 

 

 

712,647

 

$

54.19

 

$

76,037

 

 

(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: January 26, 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 the latest update?

Between January 20 and January 25, 2026, Strategy Inc sold 1,569,770 shares of its MSTR Class A common stock under its at-the-market program, generating net proceeds of $257.0 million.

What preferred shares did Strategy Inc sell and for how much?

Over the same period, Strategy Inc sold 70,201 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), with net proceeds of $7.0 million.

How much cash did Strategy Inc raise in total from recent stock sales?

Combining MSTR common and STRC preferred stock sold between January 20 and January 25, 2026, Strategy Inc reports total net proceeds of $264.0 million under its at-the-market offering program.

How much bitcoin did Strategy Inc buy using ATM proceeds?

During January 20–25, 2026, Strategy Inc acquired 2,932 bitcoin for an aggregate purchase price of $264.1 million, at an average price of $90,061 per bitcoin. The filing notes that these purchases were made using proceeds from the sale of shares under the at-the-market program.

What are Strategy Inc’s total bitcoin holdings as of January 25, 2026?

As of January 25, 2026, Strategy Inc reports aggregate holdings of 712,647 bitcoin with an aggregate purchase price of $54.19 billion, implying an average purchase price of $76,037 per bitcoin.

Where can investors find up-to-date information on Strategy Inc’s securities and bitcoin holdings?

Strategy Inc maintains a dashboard on its website at www.strategy.com, which it uses to provide broad public disclosure about market prices of its securities, bitcoin purchases and holdings, key performance indicators, and other supplemental information.

Strategy Inc

NASDAQ:MSTR

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46.75B
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