Every 8-K that Strategy Inc (MSTR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow MSTR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MSTR filings page.
Strategy Inc (MSTR) reported recent capital raises and additional bitcoin purchases. Between November 10 and 16, 2025, it sold preferred shares via its at-the-market program, generating $136.1 million of net proceeds across STRF, STRC and STRK stock. Strategy also completed a public offering of 7,750,000 shares of its 10.00% Series A Perpetual Stream Preferred Stock at €80.00 per share, for gross proceeds of about €620.0 million (or $716.8 million) and net proceeds of about €608.8 million (or $703.9 million). Using proceeds from this offering and the ATM sales, the company acquired 8,178 bitcoin for $835.6 million at an average price of $102,171 per bitcoin, bringing total holdings to 649,870 BTC with an aggregate purchase price of $48.37 billion and an average purchase price of $74,433.
Strategy Inc completed an initial public offering of 7,750,000 shares of its 10.00% Series A Perpetual Stream Preferred Stock (“STRE”), delivering gross proceeds of €620.0 million and net proceeds of €608.8 million (USD figures disclosed using €1.00/$1.1561).
The STRE pays cumulative cash dividends at 10.00% of the €100 stated amount per share, when, as and if declared, quarterly in arrears on March 31, June 30, September 30 and December 31, beginning December 31, 2025. Unpaid regular dividends compound quarterly at 10% + 100 bps, stepping up by 100 bps each period to a cap of 18%.
Strategy may redeem all STRE for cash if outstanding shares fall below 25% of the total originally issued (including any future issuances), or upon certain tax events, at the liquidation preference plus accrued unpaid dividends. Upon a “fundamental change,” holders can require repurchase for cash at the stated amount plus accrued unpaid dividends. The liquidation preference starts at €100 per share and adjusts daily to the greatest of the stated amount, the last reported sale price (as specified), or the 10‑day average.
Strategy Inc (MSTR) reported weekly ATM activity and bitcoin purchases. For November 3–9, 2025, the company sold preferred shares under its at-the-market program: STRF 165,614 shares (net proceeds $18.3M), STRC 262,311 shares (net proceeds $26.2M), STRK 50,881 shares (net proceeds $4.5M), and STRD 12,800 shares (net proceeds $1.0M). No Class A common stock (MSTR) was sold. The table shows a total notional value of $50.0M for the period.
Bitcoin holdings increased during the same week. Strategy acquired 487 BTC for an aggregate purchase price of $49.9M, at an average price of $102,557 per bitcoin. As of November 9, 2025, the company reported aggregate bitcoin holdings of 641,692 BTC, with an aggregate purchase price of $47.54B and an average purchase price of $74,079. The filing notes these bitcoin purchases were funded using proceeds from the preferred stock sales under the ATM.
Strategy Inc announced an underwritten offering of 7,750,000 shares of its 10.00% Series A Perpetual Stream Preferred Stock at €80.00 per share. Settlement is scheduled for November 13, 2025, subject to customary closing conditions.
The company expects gross proceeds of approximately €620.0 million (or $715.1 million) and estimated net proceeds of approximately €608.8 million (or $702.2 million), based on a €1.00/$1.1534 exchange rate. Strategy Inc intends to use the net proceeds for general corporate purposes, including the acquisition of bitcoin and for working capital.
The offering is being made pursuant to an effective automatic shelf registration on Form S-3ASR and will be sold through a syndicate including Barclays, Morgan Stanley, Moelis, SG Americas, TD Securities (USA), Canaccord Genuity, and StoneX. The company filed the underwriting agreement as an exhibit and issued a press release announcing pricing.
Strategy Inc consolidated its at-the-market (ATM) offering programs and entered into an Omnibus Sales Agreement with a syndicate of agents to streamline administration and potential future ATM launches. The agreement permits the company to issue and sell, from time to time, shares of STRF, STRC, STRK, STRD, Class A common stock, and future designated preferred stock under its automatic shelf.
The company also filed a base prospectus supplement and annexes covering Currently Offered Shares, which equal the amounts remaining unsold under prior ATM programs. Sales, if any, will be on a commercially reasonable efforts basis, with agent commissions of up to 2.0% of aggregate gross proceeds. Neither the company nor the agents are obligated to sell, and offerings may be suspended or terminated.
Strategy Inc filed a current report stating that on November 3, 2025 it announced plans to conduct an initial public offering of 3,500,000 shares of its 10.00% Series A Perpetual Stream Preferred Stock, subject to market and other conditions.
The company attached a press release as Exhibit 99.1 and noted that neither the report nor the press release constitutes an offer to sell or a solicitation to buy any securities.
Strategy Inc (MSTR) filed an 8‑K reporting weekly ATM and bitcoin activity. From October 27 to November 2, the company sold shares across multiple at‑the‑market programs, including 76,017 STRF, 49,374 STRK, 29,065 STRD, and 183,501 MSTR. Net proceeds across programs totaled $69.5 million, with the MSTR ATM contributing $54.4 million in net proceeds. Remaining availability disclosed includes amounts such as $1,660.0 million for STRF, $4,200.0 million for STRC, $20,340.6 million for STRK, $4,133.8 million for STRD, and $15,854.4 million for MSTR.
Bitcoin update: During the same period, Strategy acquired 397 BTC for an aggregate purchase price of $45.6 million, at an average price of $114,771 per bitcoin. As of November 2, 2025, the company reports aggregate holdings of 641,205 BTC, with an aggregate purchase price of $47.49 billion and an average purchase price of $74,057. The company states these bitcoin purchases were funded using proceeds from its STRF, STRK, STRD and MSTR ATM programs.
Strategy Inc furnished an update alongside its quarterly results announcement and adjusted preferred dividend terms. The company increased the regular dividend rate on its Variable Rate Series A Perpetual Stretch Preferred Stock (ticker STRC) from 10.25% to 10.50% per annum, effective for monthly periods commencing on or after November 1, 2025.
The board declared a cash dividend of $0.875 per STRC share for the month ended November 30, 2025, payable on November 30, 2025 to stockholders of record as of 5:00 p.m. (New York City time) on November 15, 2025. The company stated that, from a U.S. federal income tax perspective, distributions not made out of accumulated or current earnings and profits are generally treated as a tax-deferred return of capital for U.S. investors and exempt from U.S. dividend withholding for non-U.S. investors. It added that it has no accumulated earnings and profits and does not expect to generate current earnings and profits in the current year or the foreseeable future, i.e., ten years or more.
Strategy Inc reported weekly updates on its at-the-market programs and bitcoin activity. From October 20–26, 2025, the company sold 175,634 STRF shares for a notional value of $17.6 million and net proceeds of $19.4 million; 191,404 STRK shares for a notional value of $19.1 million and net proceeds of $17.0 million; and 87,462 STRD shares for a notional value of $8.7 million and net proceeds of $7.0 million.
As of October 26, 2025, remaining availability under the ATMs included $1,668.4 million for STRF, $4,200.0 million for STRC, $20,345.0 million for STRK, $4,136.1 million for STRD, and $15,908.8 million for MSTR, each within previously announced program sizes.
During the same period, the company acquired 390 BTC for an aggregate purchase price of $43.4 million at an average price of $111,117 per bitcoin. As of October 26, 2025, bitcoin holdings were 640,808 BTC with an aggregate purchase price of $47.44 billion and an average purchase price of $74,032, inclusive of fees and expenses. The company noted these BTC purchases were funded using proceeds from the STRF, STRK, and STRD ATMs.
Strategy Inc announced that on October 13, 2025 it issued a press release with updates to its at-the-market offering programs and bitcoin holdings. The press release is included as Exhibit 99.1.
The company also highlighted its website dashboard as a broad disclosure channel for market prices, bitcoin purchases and holdings, KPI metrics, and other supplemental information. Information provided under Item 7.01 is furnished and not deemed filed under the Exchange Act.
MicroStrategy (MSTR) adopted ASU 2023-08 effective January 1, 2025, which requires bitcoin to be measured at fair value with changes recorded in earnings. The company applied a cumulative-effect increase to retained earnings of $12.745B. For the three months ended September 30, 2025 MicroStrategy reported an unrealized gain on digital assets of $3.89B, partially offset by a related deferred tax expense of $1.12B. Earlier quarterly swings included an unrealized loss of $5.91B (quarter ended March 31, 2025) and an unrealized gain of $14.05B (quarter ended June 30, 2025), illustrating high quarter-to-quarter volatility driven by bitcoin prices.
The company disclosed a secured loan carrying one-year Secured Overnight Financing Rate plus 4.24%, secured by non-bitcoin assets, maturing in 2026, with an outstanding principal of $21.1M and net carrying value of $20.8M as of September 30, 2025. MicroStrategy cautioned that unrealized gains are non-cash, may not improve liquidity, and that future unrealized losses could materially affect results and comparability with prior periods due to the new accounting adoption. The filing also notes litigation references (the Dodge class action) and tax uncertainty related to certain preferred stock structures under "fast-pay stock" rules.
Strategy Inc (MSTR) reports that Accounting Standards Update 2023-08 will require it to measure its bitcoin holdings at fair value on the statement of financial position and to recognize gains and losses from changes in bitcoin fair value in net income each reporting period. The filing notes the company had a significant unrealized gain on digital assets as of June 30, 2025, and that management expects the company will become subject to the Corporate Alternative Minimum Tax (CAMT) in tax years beginning in 2026. The report references the companys Form 10-Q filed August 5, 2025, and contains standard forward-looking statement disclaimers.
Strategy Inc reported changes to its preferred stock dividends. The company increased the regular annual dividend rate on its Variable Rate Series A Perpetual Stretch Preferred Stock (ticker STRC) from 10.00% to 10.25%, effective for monthly periods beginning on or after October 1, 2025.
The board also declared a monthly cash dividend on STRC of $0.854166667 per share for the period ending October 31, 2025, payable on October 31, 2025 to stockholders of record as of 5:00 p.m. New York City time on October 15, 2025.
The company highlighted its website dashboard as a key channel for sharing information with the public, including data on market prices of its securities, bitcoin purchases and holdings, KPI metrics, and other supplemental disclosures.
Strategy Inc reported recent activity in its at-the-market share offering programs and bitcoin holdings. Between September 22 and September 28, 2025, the company sold 101,713 STRF preferred shares, 5,000 STRD preferred shares, and 347,352 MSTR Class A common shares through its ATM programs, generating net proceeds of $128.1 million, including $116.4 million from MSTR shares alone.
Using proceeds from the STRF, STRD and MSTR ATM programs, Strategy acquired 196 bitcoin during the same period for an aggregate purchase price of $22.1 million, or an average of $113,048 per bitcoin. As of September 28, 2025, the company held 640,031 bitcoin in total, with an aggregate purchase price of $47.35 billion and an average purchase price of $73,983 per bitcoin.
Strategy Inc reports recent at-the-market stock sales and bitcoin purchases for the week ended September 21, 2025. Through its STRF and MSTR ATM programs, the company sold 173,834 STRF preferred shares and 227,401 MSTR common shares, generating net proceeds of $100.0 million.
During the same period, Strategy acquired 850 bitcoin for an aggregate purchase price of $99.7 million, at an average price of $117,344 per bitcoin, funded by STRF and MSTR ATM proceeds. As of September 21, 2025, the company held 639,835 bitcoin acquired for an aggregate purchase price of $47.33 billion, implying an average purchase price of $73,971 per bitcoin.
The company also highlights its website dashboard as an ongoing source of information on its securities, bitcoin holdings, key metrics and other disclosures under Regulation FD.
Strategy Inc reported recent activity in its at-the-market (ATM) programs and bitcoin holdings for the period from September 8 to September 14, 2025. The company sold 302,503 STRF preferred shares, 181,228 STRK preferred shares, and 208,175 STRD preferred shares through their respective ATM programs, generating notional value of $30.3M, $18.1M, and $20.8M, and net proceeds of $34.0M, $17.3M, and $16.9M, respectively. Total notional value from ATM activity during the period was $68.2M.
Using proceeds from the STRF, STRK and STRD ATM programs, Strategy acquired 525 bitcoin during the same period at an aggregate purchase price of $60.2M, implying an average purchase price of $114,562 per bitcoin, inclusive of fees and expenses. As of September 14, 2025, Strategy held 638,985 bitcoin with an aggregate purchase price of $47.23B and an average purchase price of $73,913. The company also highlighted its public website dashboard as an ongoing channel for information on its securities, bitcoin activity, KPI metrics, and other supplemental data.