Strategy Inc doubles $2B buyback, holds 845K bitcoin
Strategy Inc expanded its preferred stock repurchase authorization to $2.0 billion and detailed its 845,050-bitcoin holdings and U.S. dollar liquidity as of September 7, 2026.
Rhea-AI Filing Summary
Strategy Inc (MSTR) reported that between August 31 and September 7, 2026 it made no sales under its at-the-market equity program and conducted no bitcoin trades. As of September 7, it held 845,050 bitcoin acquired for $63.73 billion, an average of $75,412 per bitcoin including fees.
The board approved an increase in the authorized aggregate purchase price under the Digital Credit Securities Repurchase Program from $1.0 billion to $2.0 billion, with $1.19 billion still available for preferred stock repurchases. During the August 31–September 7 period, the company repurchased 1,810,885 shares of STRC preferred stock for $176.3 million, funded from USD Cash.
As of September 7, 2026, Strategy reported a USD Reserve of $5.10 billion to support dividends and interest and USD Cash of $1.44 billion for broader treasury purposes, including potential additional bitcoin purchases and capital management. The company also highlighted its public website dashboard as a key disclosure channel under Regulation FD.
Positive
- Buyback capacity doubled to $2.0 billion for digital credit securities, with $1.19 billion still available, signaling significant room for ongoing preferred stock repurchases.
- Strategy holds a large bitcoin position of 845,050 BTC and maintains substantial liquidity with a $5.10 billion USD Reserve and $1.44 billion USD Cash as of September 7, 2026.
Negative
- None.
Filing Explained
The September 8 Form 8-K furnishes Strategy’s dashboard disclosure under Item 7.01; the filing states that this information is not “filed” for Section 18 liability or automatically incorporated by reference, except through an express reference.
8-K Event Classification
Key Figures
Key Terms
at-the-market offering program financial
Digital Credit Securities Repurchase Program financial
USD Reserve financial
Regulation FD regulatory
emerging growth company regulatory
FAQ
How many bitcoin does Strategy Inc (MSTR) hold as of September 7, 2026?
What changes did Strategy Inc (MSTR) make to its digital credit securities repurchase program?
What are Strategy Inc’s (MSTR) USD Reserve and USD Cash balances as of September 7, 2026?
How much capacity remains under Strategy Inc’s (MSTR) MSTR stock repurchase program?
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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(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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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 and BTC Update
On September 8, 2026, Strategy Inc ("Strategy") announced that, during the period between August 31, 2026 and September 7, 2026, Strategy did not sell any shares under its at-the-market offering program and did not purchase or sell any bitcoin.
As of September 7, 2026, Strategy holds approximately 845,050 bitcoin that were acquired at an aggregate purchase price of $63.73 billion and an average purchase price of approximately $75,412 per bitcoin, inclusive of fees and expenses.
Repurchase Program Updates
On September 8, 2026, Strategy announced that its board of directors approved an increase in the aggregate purchase price authorized under its digital credit securities repurchase program ("Digital Credit Securities Repurchase Program") from $1.0 billion to $2.0 billion (inclusive of any commissions, fees and expenses and inclusive of any repurchases made under the program to date). As of September 7, 2026, $1.19 billion aggregate purchase price remained available under the Digital Credit Securities Repurchase Program.
Also on September 8, 2026, Strategy announced the following update with respect to its share repurchase programs of the following securities:
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During Period August 31, 2026 to September 7, 2026 |
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Security |
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Shares Repurchased |
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Aggregate Purchase Price (in millions) |
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STRF Stock (1) |
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$ |
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10.00% Series A Perpetual Strife Preferred Stock |
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STRC Stock (1) |
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1,810,885 |
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$ |
176.3 |
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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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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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1,810,885 |
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176.3 |
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(1) $1.19 billion aggregate purchase price of Strategy's preferred stock remains available under the 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 August 31, 2026 to September 7, 2026, Strategy used $176.3 million of USD Cash to fund repurchases of STRC Stock.
As of September 7, 2026, the balances of the USD Reserve and USD Cash were $5.10 billion and $1.44 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.
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Date: September 8, 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 |