Strategy Inc (Nasdaq: MSTR) raises $263.5M, holds 843,775 BTC

Rhea-AI Filing Summary

Strategy Inc. reported activity in its at-the-market offering and digital-asset strategy for the week of July 13–19, 2026. The company sold 2,732,318 shares of its MSTR Class A common stock under the ATM program, generating $263.5 million in net proceeds.

After these sales, $23,526.5 million of MSTR Stock remains available for issuance and sale under the ATM, reflecting capacity from the existing authorization and the previously announced $21.0 billion increase. No preferred shares were sold and no shares were repurchased during the period.

As of July 19, 2026, Strategy held 843,775 bitcoin, acquired for an aggregate purchase price of $63.69 billion and an average purchase price of $75,476. The company also reported a US dollar reserve balance of $3.225 billion, intended to support preferred dividends and interest payments.

Filing Explained

Reported MSTR sales can dilute holders when issued, while capacity and reserve availability remain subject to offering and settlement conditions.

The filing reports MSTR net proceeds from 2,732,318 shares sold during July 13–19, 2026, including shares not yet settled as of July 17; it therefore does not establish that every reported sale had settled by July 19.

Once additional common shares are issued, they increase the total share count and reduce an existing holder’s percentage ownership absent offsetting changes.

The remaining MSTR capacity combines the existing offering with the $21.0 billion increase, but sales under the increase may begin only once the existing offering is substantially depleted; the aggregate figure is not stated to be immediately usable in full.

The $3.225 billion USD Reserve includes expected cash proceeds from ATM shares that had not yet settled as of July 19, tying part of the reported reserve balance to pending settlement.

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

MSTR shares sold under ATM: 2,732,318 shares Net proceeds from ATM sales: $263.5 million Remaining ATM capacity for MSTR Stock: $23,526.5 million +5 more

8 metrics

MSTR shares sold under ATM 2,732,318 shares During July 13–19, 2026 under the at-the-market program

Net proceeds from ATM sales $263.5 million Net of sales commission for MSTR Stock sold July 13–19, 2026

Remaining ATM capacity for MSTR Stock $23,526.5 million Available for issuance and sale as of July 19, 2026

MSTR Stock increase authorization $21.0 billion Previously announced new offering of MSTR Stock (MSTR Increase)

Aggregate bitcoin holdings 843,775 bitcoin Total BTC held as of July 19, 2026

Aggregate BTC purchase price $63.69 billion Total cost basis for bitcoin holdings inclusive of fees and expenses

Average BTC purchase price $75,476 Average purchase price for bitcoin holdings inclusive of fees and expenses

USD Reserve balance $3.225 billion US dollar reserve as of July 19, 2026, including expected unsettled ATM proceeds

Key Terms

at-the-market offering program, share repurchase programs, USD Reserve, Regulation FD, +1 more

5 terms

at-the-market offering program financial

"update with respect to sales made 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.

share repurchase programs financial

"did not purchase any shares under its share repurchase programs"

A share repurchase program is when a company uses its cash to buy back its own stock from the market, reducing the number of shares held by outside investors. For investors this matters because fewer shares can increase each remaining share’s portion of profits and often supports the stock price, like slicing the same pie into fewer pieces so each piece is larger, and it also signals how management prioritizes returning cash versus other uses.

USD Reserve financial

"Strategy maintains a US dollar reserve (the "USD Reserve") 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.

preferred stock financial

"intended to support the payment of dividends on Strategy’s preferred stock"

Preferred stock is a type of ownership in a company that typically offers investors higher and more consistent dividend payments than common stock. Unlike regular shares, preferred stock usually doesn’t come with voting rights but provides a priority claim on the company’s assets and profits, making it a more stable and predictable investment option. This makes preferred stock attractive to those seeking steady income with lower risk.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Understanding 8-K Material Events →

Available on EDGAR 07/20/2026 - 08:00 AM Accepted by SEC EDGAR 07/20/2026 - 08:00 AM Learn about SEC filing dates

FAQ

What at-the-market MSTR stock sales did Strategy Inc. (MSTR) report for July 13–19, 2026?

Strategy Inc. sold 2,732,318 shares of its MSTR Class A common stock under its at-the-market program, generating $263.5 million in net proceeds for the period July 13–19, 2026, with some sales not yet settled by July 17.

How much capacity remains under Strategy Inc. (MSTR)'s at-the-market program?

Strategy Inc. reported remaining MSTR Stock capacity of $23,526.5 million available for issuance and sale under its at-the-market program, including the aggregate capacity of both the current authorization and the previously announced $21.0 billion MSTR Stock increase.

What bitcoin holdings does Strategy Inc. (MSTR) report as of July 19, 2026?

As of July 19, 2026, Strategy Inc. held 843,775 bitcoin with an aggregate purchase price of $63.69 billion and an average purchase price of $75,476, with purchase prices stated as inclusive of fees and expenses.

What is the size and purpose of Strategy Inc. (MSTR)'s USD Reserve?

Strategy Inc. reported a USD Reserve balance of $3.225 billion as of July 19, 2026. The reserve is intended to support payment of dividends on the company’s preferred stock and interest on its outstanding indebtedness, and includes expected proceeds from unsettled ATM sales.

Did Strategy Inc. (MSTR) repurchase any shares between July 13 and July 19, 2026?

No. Strategy Inc. stated that during the period from July 13, 2026 to July 19, 2026, it did not purchase any shares under its share repurchase programs, while it was actively selling MSTR Stock through its at-the-market offering program.

What information does Strategy Inc. (MSTR)'s online dashboard provide to investors?

Strategy Inc. maintains a website dashboard used as a disclosure channel for market prices of its securities, bitcoin purchases and holdings, certain key performance metrics, and other supplemental data, and as one means of disclosing non-public information in compliance with Regulation FD.

false000105044600010504462026-07-202026-07-2000010504462026-02-232026-02-230001050446mstr:VariableRateSeriesAPerpetualStretchPreferredStock0001ParValuePerShareMember2026-02-232026-02-230001050446mstr:M1000SeriesAPerpetualStrifePreferredStock0001ParValuePerShareMember2026-02-232026-02-230001050446mstr:M800SeriesAPerpetualStrikePreferredStock0001ParValuePerShareMember2026-02-232026-02-230001050446mstr:M1000SeriesAPerpetualStridePreferredStock0001ParValuePerShareMember2026-02-232026-02-230001050446us-gaap:CommonStockMember2026-02-232026-02-23

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): July 20, 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 July 20, 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 July 13, 2026 to July 19, 2026									As of July 19, 2026
Security		Shares Sold(1)			Notional Value (in millions) (2)			Net Proceeds (in millions) (3)			Available for Issuance and Sale (in millions)(4)
STRF Stock			-		$	-		$	-		$	1,619.3
10.00% Series A Perpetual Strife Preferred Stock
STRC Stock			-		$	-		$	-		$	17,510.8
Variable Rate Series A Perpetual Stretch Preferred Stock
STRK Stock			-		$	-		$	-		$	2,100.0
8.00% Series A Perpetual Strike Preferred Stock
STRD Stock			-		$	-		$	-		$	4,014.8
10.00% Series A Perpetual Stride Preferred Stock
MSTR Stock			2,732,318		$	-		$	263.5		$	23,526.5
Class A Common Stock
Total								$	263.5

(1) Includes shares sold but not yet settled as of July 17, 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.

(4) As previously disclosed, on March 23, 2026, Strategy announced 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.

Repurchase Program Updates

On July 20, 2026, Strategy announced that, during the period between July 13, 2026 and July 19, 2026, Strategy did not purchase any shares under its share repurchase programs.

BTC Update

On July 20, 2026, Strategy announced updates with respect to its bitcoin holdings:

During Period July 13, 2026 to July 19, 2026				As of July 19, 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)
-	$-	$-		843,775	$63.69	$75,476

(1) No bitcoin purchases were made this week.

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

USD Reserve Update

Strategy maintains a US dollar reserve (the "USD Reserve") intended to support the payment of dividends on Strategy’s preferred stock and interest on its outstanding indebtedness.

As of July 19, 2026, the balance of the USD Reserve is $3.225 billion. This amount includes expected cash proceeds from shares sold under Strategy’s ATM that had not yet settled as of such date.

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: July 20, 2026				Strategy Inc (Registrant)
				By:		/s/ Thomas C. Chow
				Name:		Thomas C. Chow
				Title:		Executive Vice President & General Counsel

Filing Exhibits & Attachments

1 document

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 64.3 KB