Strategy Inc raises $255M, buys 3,273 BTC
Strategy Inc disclosed updated activity in its at-the-market offering and bitcoin strategy.
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Rhea-AI Filing Summary
Strategy Inc disclosed updated activity in its at-the-market offering and bitcoin strategy. Between April 20 and April 26, 2026, it sold 1,451,601 shares of its Class A common stock (MSTR) under its ATM program, generating net proceeds of $255.0 million. No shares of its various Series A perpetual preferred stocks were sold in this period.
The company used these proceeds to acquire 3,273 bitcoin for an aggregate purchase price of $255.0 million, at an average price of $77,906 per bitcoin. As of April 26, 2026, Strategy held 818,334 bitcoin acquired for an aggregate $61.81 billion, reflecting an average purchase price of $75,537 per bitcoin. Strategy also highlighted an online dashboard providing ongoing data on its securities, bitcoin holdings, and other metrics.
Insights
Strategy funds additional bitcoin purchases via new MSTR share sales.
Strategy Inc continues using its at-the-market equity program to expand bitcoin exposure. Over one week, it sold 1,451,601 MSTR shares, raising $255.0M in net proceeds while leaving substantial remaining issuance capacity under the program.
The company directed this entire $255.0M into buying 3,273 bitcoin at an average price of $77,906, lifting total holdings to 818,334 bitcoin with an aggregate cost of $61.81B and an average purchase price of $75,537 per bitcoin.
This structure further aligns Strategy’s equity value with bitcoin price movements, as shareholders bear dilution from new MSTR issuance while the balance sheet carries large, costed bitcoin holdings. Future filings will show how ongoing ATM usage and bitcoin price volatility affect per-share metrics.
8-K Event Classification
Key Figures
Key Terms
at-the-market offering program financial
net proceeds financial
aggregate purchase price financial
Regulation FD regulatory
key performance indicator metrics financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much cash did Strategy Inc (MSTR) raise and how was it used?
What are Strategy Inc’s total bitcoin holdings and cost basis as of April 26, 2026?
What was Strategy Inc’s average bitcoin purchase price during April 20–26, 2026?
Did Strategy Inc sell any of its preferred stock series during the reported ATM period?
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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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 April 27, 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 April 20, 2026 to April 26, 2026 |
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As of April 26, 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)(3) |
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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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$ |
19,463.0 |
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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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$ |
2,100.0 |
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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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1,451,601 |
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$ |
- |
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$ |
255.0 |
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$ |
26,474.5 |
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Class A Common Stock |
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Total |
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$ |
255.0 |
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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.
(3) As previously disclosed, on March 23, 2026, Strategy announced, among other things, a new $21.0 billion offering of MSTR Stock (the “MSTR Increase”). The MSTR Stock amount available for issuance reflects the aggregate remaining capacity of both the current offering and the MSTR Increase. Sales under the MSTR Increase may begin once capacity under the existing offering is substantially depleted.
BTC Update
On April 27, 2026, Strategy announced updates with respect to its bitcoin holdings:
During Period April 20, 2026 to April 26, 2026 |
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As of April 26, 2026 |
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BTC Acquired (1) |
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Aggregate Purchase Price (in millions) (2) |
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Average Purchase Price (2) |
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Aggregate BTC Holdings |
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Aggregate Purchase Price (in billions) (2) |
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Average Purchase Price (2) |
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3,273 |
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255.0 |
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77,906 |
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818,334 |
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61.81 |
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$ |
75,537 |
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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: April 27, 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 |