Strategy Inc buys 950 bitcoin, holds 846,000

Strategy Inc deployed USD Cash into bitcoin and STRC preferred repurchases while maintaining multi‑billion dollar USD Reserve and cash balances.

Rhea-AI Filing Summary

Strategy Inc (MSTR) reported that between September 14 and September 20, 2026 it made no sales under its at-the-market offering program. Over the same period it purchased 950 bitcoin for an aggregate $75.7 million, bringing aggregate holdings to 846,000 bitcoin acquired for $63.80 billion in total.

The company repurchased 1,771,238 shares of its STRC preferred stock for $174.0 million, with $875.1 million of preferred repurchase authorization and $1.0 billion of MSTR common stock repurchase authorization remaining. During the week it used $174.0 million of USD Cash for STRC repurchases, $75.7 million of USD Cash for bitcoin purchases, and $57.4 million from its USD Reserve for preferred dividends and interest, leaving balances of $5.04 billion in the USD Reserve and $1.05 billion in USD Cash as of September 20, 2026.

8-K Event Classification

2 items: 7.01, 8.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Bitcoin purchased during period: 950 bitcoin Aggregate purchase price of weekly bitcoin buys: $75.7 million Aggregate bitcoin holdings: 846,000 bitcoin +5 more

8 metrics

Bitcoin purchased during period 950 bitcoin September 14–20, 2026 purchases

Aggregate purchase price of weekly bitcoin buys $75.7 million 950 bitcoin bought September 14–20, 2026

Aggregate bitcoin holdings 846,000 bitcoin As of September 20, 2026

Aggregate bitcoin purchase price $63.80 billion Cumulative cost basis as of September 20, 2026

STRC shares repurchased 1,771,238 shares Repurchased September 14–20, 2026

STRC repurchase cost $174.0 million Aggregate purchase price for STRC during the period

Remaining preferred repurchase authorization $875.1 million Digital credit securities repurchase program

USD Reserve balance $5.04 billion Balance as of September 20, 2026

Key Terms

at-the-market offering program, USD Reserve, Regulation FD

3 terms

at-the-market offering program financial

"did not sell any shares under its at-the-market offering program"

An at-the-market offering program lets a company sell newly issued shares directly into the open market at current trading prices through a broker, rather than issuing a large block of stock all at once. It matters to investors because it provides the company a flexible way to raise cash over time, which can dilute existing shares gradually and affect earnings per share and stock price depending on how much and when shares are sold—think of it as a faucet the company can open or close to add supply to the market.

USD Reserve financial

"a U.S. dollar reserve (the "USD Reserve"), which is intended to support"

USD reserve means holdings of U.S. dollars that an organization—such as a government, central bank, company or investment fund—keeps set aside to meet obligations, support operations, or manage currency exposure. Investors care because the size and liquidity of those dollar reserves affect an entity’s ability to pay debts, weather shocks, and pursue opportunities; think of it like a rainy-day fund or foreign-currency piggy bank that provides stability and flexibility.

Regulation FD regulatory

"as one means of disclosing non-public information in compliance with its disclosure obligations under Regulation FD"

Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many bitcoin did Strategy Inc (MSTR) buy in mid-September 2026?

Strategy Inc bought 950 bitcoin between September 14 and September 20, 2026 for an aggregate $75.7 million, at an average price of $79,670 per bitcoin, inclusive of fees and expenses.

What are Strategy Inc’s (MSTR) total bitcoin holdings as of September 20, 2026?

As of September 20, 2026, Strategy Inc held an aggregate of 846,000 bitcoin, acquired for total purchase consideration of $63.80 billion, with an average purchase price of $75,416 per bitcoin, inclusive of fees and expenses.

How much STRC preferred stock did Strategy Inc repurchase in this period?

Between September 14 and September 20, 2026, Strategy Inc repurchased 1,771,238 shares of its STRC preferred stock for an aggregate purchase price of $174.0 million under its digital credit securities repurchase program.

What repurchase authorization remains under Strategy Inc’s programs?

Strategy Inc has $875.1 million of aggregate purchase capacity remaining for its preferred stock under the digital credit securities repurchase program and $1.0 billion remaining under its MSTR Class A common stock repurchase program.

What are Strategy Inc’s USD Reserve and USD Cash balances?

As of September 20, 2026, Strategy Inc reported a USD Reserve balance of $5.04 billion and USD Cash of $1.05 billion. During the week, it used USD Cash for bitcoin purchases and STRC repurchases and used the USD Reserve to pay dividends and interest.

Did Strategy Inc sell any shares under its at-the-market program in this period?

No. Strategy Inc stated that during the period from September 14 to September 20, 2026, it did not sell any shares under its at-the-market offering program.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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): September 21, 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 September 21, 2026, Strategy Inc ("Strategy") announced that, during the period between September 14, 2026 and September 20, 2026, Strategy did not sell any shares under its at-the-market offering program.

BTC Update

On September 21, 2026, Strategy announced updates with respect to its bitcoin holdings:

During Period September 14, 2026 to September 20, 2026									As of September 20, 2026
BTC Purchased (1)			Aggregate Purchase Price (in millions) (2)			Average Purchase Price (2)			Aggregate BTC Holdings			Aggregate Purchase Price (in billions) (2)			Average Purchase Price (2)
	950		$	75.7		$	79,670			846,000		$	63.80		$	75,416

(1) The bitcoin purchases were made using USD Cash (defined below).

(2) Aggregate and average purchase prices are inclusive of fees and expenses.

Repurchase Program Updates

On September 21, 2026, Strategy announced the following update with respect to its share repurchase programs of the following securities:

		During Period September 14, 2026 to September 20, 2026
Security		Shares Repurchased			Aggregate Purchase Price (in millions)
STRF Stock (1)			-		$	-
10.00% Series A Perpetual Strife Preferred Stock
STRC Stock (1)			1,771,238		$	174.0
Variable Rate Series A Perpetual Stretch Preferred Stock
STRK Stock (1)			-		$	-
8.00% Series A Perpetual Strike Preferred Stock
STRD Stock (1)			-		$	-
10.00% Series A Perpetual Stride Preferred Stock
MSTR Stock (2)			-		$	-
Class A Common Stock
Total
			1,771,238		$	174.0

(1) $875.1 million aggregate purchase price of Strategy's preferred stock remains available under its digital credit securities repurchase program.

(2) $1.0 billion aggregate purchase price of MSTR Stock remains available under Strategy's MSTR Stock repurchase program.

USD Reserve and USD Cash Updates

As part of its capital framework, Strategy maintains: (i) a U.S. dollar reserve (the "USD Reserve"), which is intended to support the payment of dividends on Strategy's preferred stock and interest on its outstanding indebtedness, and (ii) "USD Cash", which management maintains to deploy for broader general Bitcoin Treasury Company purposes, which may include acquiring bitcoin, expanding the USD Reserve, broader capital management uses, and other similar purposes.

During the period from September 14, 2026 to September 20, 2026, Strategy used $174.0 million of USD Cash to fund repurchases of STRC Stock and $75.7 million of USD Cash to purchase bitcoin. During the same period, Strategy used $57.4 million of the USD Reserve to fund the payment of dividends on its preferred stock and interest on its outstanding indebtedness.

As of September 20, 2026, the balances of the USD Reserve and USD Cash were $5.04 billion and $1.05 billion, respectively.

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: September 21, 2026				Strategy Inc (Registrant)
				By:		/s/ Thomas C. Chow
				Name:		Thomas C. Chow
				Title:		Executive Vice President & General Counsel

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