Strategy repurchases $192M in STRC preferred shares
As of October 11, 2026, the $4.88 billion USD Reserve was intended to support dividends and interest; $640.5 million in USD Cash was maintained for broader treasury purposes.
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Rhea-AI Filing Summary
Strategy Inc (MSTR) acquired 250 bitcoin for an aggregate purchase price of $21.5 million from October 5, 2026, to October 11, 2026; the average purchase price was $86,194 per bitcoin. As of October 11, 2026, its aggregate bitcoin holdings were 848,250 bitcoin, with an aggregate purchase price of $64.00 billion and an average purchase price of $75,444. Strategy said $21.0 million of the purchases used net proceeds from MSTR stock sales and $0.5 million used USD Cash.
During the same period, Strategy sold 125,183 MSTR shares under its at-the-market offering program, reporting $21.0 million in net proceeds, and repurchased 1,932,145 STRC preferred shares for $192.4 million. It reported $354.8 million in aggregate purchase price remained available under its digital credit securities repurchase program and $1.0 billion under its MSTR stock repurchase program. As of October 11, 2026, the USD Reserve was $4.88 billion, intended to support preferred dividends and interest on outstanding indebtedness; USD Cash was $640.5 million, which management maintains for broader Bitcoin Treasury Company purposes that may include bitcoin purchases, reserve expansion and capital management.
Filing Explained
As of
8-K Event Classification
Key Figures
Key Terms
at-the-market offering program financial
USD Reserve financial
USD Cash financial
digital credit securities repurchase program financial
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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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(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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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.
On October 12, 2026, Strategy Inc (“Strategy”) issued a press release announcing certain capital markets and capital management updates. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
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.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No. |
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Description |
99.1 |
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Press release, dated October 12, 2026, announcing updates with respect to the Company's capital markets and capital management activities. |
104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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: October 13, 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 |
Contact:
Strategy
CJ (Chaitanya Jain)
Head of Investor Relations
ir@strategy.com
Strategy Acquires 250 BTC and Repurchases $192 Million of STRC
TYSONS CORNER, Va., October 12, 2026 - Strategy Inc (Nasdaq: STRF/STRC/STRK/STRD/MSTR; LuxSE: STRE) (“Strategy” or the “Company”), the largest institutional holder of bitcoin and the world’s first Bitcoin Treasury Company, today announced the following capital markets and capital management updates:
ATM Update
On October 12, 2026, Strategy announced an update with respect to sales made under its at-the-market offering program ("ATM") of the following securities:
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During Period October 5, 2026 to October 11, 2026 |
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As of October 11, 2026 |
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Security |
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Shares Sold |
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Notional Value (in millions) (1) |
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Net Proceeds (in millions) (2) |
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Available for Issuance and Sale (in millions) |
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STRF Stock |
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- |
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$ |
- |
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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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- |
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$ |
- |
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$ |
- |
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$ |
17,510.8 |
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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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$ |
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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125,183 |
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$ |
- |
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$ 21.0 (3) |
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$ |
18,807.6 |
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Class A Common Stock |
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Total |
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$ |
21.0 |
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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) The net proceeds from MSTR Stock sales were used to fund bitcoin purchases.
BTC Update
On October 12, 2026, Strategy announced updates with respect to its bitcoin holdings:
During Period October 5, 2026 to October 11, 2026 |
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As of October 11, 2026 |
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BTC Purchased (1) |
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Aggregate |
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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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250 |
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$ |
21.5 |
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$ |
86,194 |
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848,250 |
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$ |
64.00 |
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$ |
75,444 |
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(1) $21.0 million in bitcoin purchases were made using net proceeds from MSTR Stock sales and $0.5 million in bitcoin purchases were made using USD Cash.
(2) Aggregate and average purchase prices are inclusive of fees and expenses.
Repurchase Program Updates
On October 12, 2026, Strategy announced the following update with respect to its share repurchase programs for the following securities:
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During Period October 5, 2026 to October 11, 2026 |
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Shares Repurchased |
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Aggregate Purchase Price (in millions) |
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STRF Stock (1) |
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$ |
- |
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10.00% Series A Perpetual Strife Preferred Stock |
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STRC Stock (1) |
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1,932,145 |
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$ |
192.4 |
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Variable Rate Series A Perpetual Stretch Preferred Stock |
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STRK Stock (1) |
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- |
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$ |
- |
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8.00% Series A Perpetual Strike Preferred Stock |
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STRD Stock (1) |
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- |
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$ |
- |
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10.00% Series A Perpetual Stride Preferred Stock |
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MSTR Stock (2) |
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- |
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$ |
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Class A Common Stock |
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Total |
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1,932,145 |
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$ |
192.4 |
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(1) $354.8 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 October 5, 2026 to October 11, 2026, Strategy used $0.5 million of USD Cash to fund bitcoin purchases.
As of October 11, 2026, the balances of the USD Reserve and USD Cash were $4.88 billion and $640.5 million, respectively.
About Strategy
Strategy Inc (Nasdaq: STRF/STRC/STRK/STRD/MSTR; LuxSE: STRE) is the world’s first and largest Bitcoin Treasury Company. We pursue financial innovation strategies designed to generate value from our bitcoin holdings, including developing and issuing novel fixed-income instruments that provide investors varying degrees of economic exposure to bitcoin. In addition, we are an industry leader in AI-powered enterprise analytics software, advancing our vision of Intelligence Everywhere™. We believe our combination of active bitcoin-focused capital management and a scaled operating software business positions us for long-term value creation across both digital asset and enterprise analytics markets.
Strategy, MicroStrategy, and Intelligence Everywhere are either trademarks or registered trademarks of Strategy Inc in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners. For more information about Strategy, visit www.strategy.com.