Strategy Inc boosts bitcoin stake with share sales
Strategy Inc reported new activity in its at-the-market stock offering and its bitcoin holdings.
Rhea-AI Filing Summary
Strategy Inc reported new activity in its at-the-market stock offering and its bitcoin holdings. Between February 9 and February 16, 2026, it sold 785,354 shares of its STRC preferred stock for $78.5M in notional value, generating $78.4M in net proceeds. Over the same period, it sold 660,000 shares of its MSTR Class A common stock, producing net proceeds of $90.5M. Using proceeds from these ATM sales, Strategy acquired 2,486 bitcoin for an aggregate purchase price of $168.4M, at an average price of $67,710 per bitcoin. As of February 16, 2026, Strategy held 717,131 bitcoin acquired for an aggregate purchase price of $54.52B, with an average purchase price of $76,027 per bitcoin. The company also highlighted a public dashboard on its website that provides ongoing data on its securities, bitcoin activity and key metrics.
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Insights
Strategy is funding sizable bitcoin purchases by issuing both preferred and common shares.
Strategy Inc used its at-the-market program to raise equity capital and convert it into additional bitcoin exposure. During February 9–16, it raised net proceeds of $78.4M from STRC preferred shares and $90.5M from MSTR common shares, then applied these funds to acquire 2,486 bitcoin.
This raises the company’s aggregate bitcoin position to 717,131 BTC with a cumulative cost of $54.52B and an average purchase price of $76,027 per bitcoin as of February 16, 2026. The strategy increases sensitivity to bitcoin price movements while also expanding the share count through ongoing ATM issuance.
The disclosure also points investors to a website dashboard where Strategy posts market prices of its securities, bitcoin purchases and holdings, and key performance indicators. Subsequent updates on that dashboard and in future filings will show how frequently the company continues using ATM equity sales to fund additional bitcoin accumulation.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many bitcoin did Strategy Inc (MSTR) buy in the latest update?
What are Strategy Inc’s total bitcoin holdings and cost basis as of February 16, 2026?
How much stock did Strategy Inc (MSTR) sell under its ATM program in February 2026?
What were the net proceeds from Strategy Inc’s recent at-the-market stock sales?
How does Strategy Inc say it funded its latest bitcoin purchases?
Where can investors track Strategy Inc’s bitcoin holdings and securities data?
AI-generated analysis. How Rhea-AI works. Not financial advice.
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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(I.R.S. Employer Identification No.) |
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(Address of principal executive offices) |
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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:
Title of Each Class |
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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 17, 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 9, 2026 to February 16, 2026 |
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As of February 16, 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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785,354 |
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$ |
78.5 |
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$ |
78.4 |
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$ |
3,542.8 |
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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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660,000 |
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$ |
- |
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$ |
90.5 |
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$ |
7,883.7 |
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Class A Common Stock |
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Total |
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$ |
169.0 |
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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 17, 2026, Strategy announced updates with respect to its bitcoin holdings:
During Period February 9, 2026 to February 16, 2026 |
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As of February 16, 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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2,486 |
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168.4 |
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67,710 |
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717,131 |
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54.52 |
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76,027 |
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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 17, 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 |