Welcome to our dedicated page for Strategy SEC filings (Ticker: MSTR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Strategy Inc. filings document the company’s Bitcoin treasury strategy, enterprise analytics software business, and multi-security capital structure. Recent 8-K filings report financial results, Regulation FD disclosures, at-the-market offering activity, bitcoin-related updates, preferred-stock dividend declarations, and registered securities including Class A common stock and STRC, STRK, STRF, and STRD preferred stock.
Proxy materials describe shareholder voting matters, board governance, executive compensation, and other annual meeting disclosures. The filing record also covers capital-structure terms, dividend mechanics, risk and operating disclosures, and formal updates for the company’s Nasdaq-listed securities.
Strategy Inc filed a prospectus supplement for an at‑the‑market offering of up to $4,200,000,000.00 of its Variable Rate Series A Perpetual Stretch Preferred Stock (“STRC Stock”), to be sold from time to time through multiple agents. The STRC Stock carries a $100 per share initial liquidation preference and accumulates monthly dividends at a variable rate; the rate is 10.50% per annum as of this supplement. Shares are listed on Nasdaq under STRC; the last reported sale price was $99.61 on November 3, 2025.
The company intends to use net proceeds for general corporate purposes, including the acquisition of bitcoin and working capital, and may also use proceeds for cash dividends on any dividend senior stock then outstanding. This issuance is fungible with outstanding STRC Stock (other than initial dates) and may be redeemed at the company’s option subject to stated conditions. There were 28,011,111 shares of STRC Stock outstanding as of the date of this annex. The regular dividend rate may be adjusted by the company, subject to limits, with a stated intention to keep trading near the $100 stated amount.
MicroStrategy (MSTR) filed a base prospectus supplement establishing at-the-market programs to sell shares of its Class A common stock and multiple series of preferred stock from time to time through a syndicate of agents, including TD Securities, Morgan Stanley, Barclays, Cantor, and others. Sales may be made as ATM transactions, negotiated trades, or block trades, with each agent using commercially reasonable efforts on mutually agreed terms. Agents are deemed underwriters, and compensation will be up to 2.0% of gross proceeds.
The company may use proceeds for general corporate purposes, including the acquisition of bitcoin, working capital, and potential cash dividends on preferred stock as set by the board. There is no escrow arrangement, settlements generally occur the trading day after sale, and offerings will be detailed in annexes that specify the class or series and terms. The filing highlights risks tied to bitcoin price volatility, potential dilution from future equity or convertible offerings, and market interest rate conditions.
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 launched a primary offering of 3,500,000 shares of its 10.00% Series A Perpetual Stream Preferred Stock (“STRE”). Each share has a stated amount and initial liquidation preference of €100, with the liquidation preference adjustable but not below €100. Dividends are cumulative at 10.00% per year, payable quarterly in arrears on March 31, June 30, September 30 and December 31, beginning December 31, 2025, when and if declared, and paid in cash.
The company may redeem all, but not less than all, STRE if outstanding shares fall below 25% of the total originally issued across offerings, or upon a tax event, at the liquidation preference plus unpaid dividends. Upon a fundamental change, holders may require a cash repurchase at the stated amount plus unpaid dividends. Strategy will apply to list STRE on the Luxembourg Stock Exchange’s Euro MTF under “STRE,” with trading expected within 30 days after issuance if approved. Net proceeds are intended for general corporate purposes, including bitcoin acquisitions and working capital. STRE has limited voting rights and ranks junior to certain existing preferred and debt.
Strategy Inc (MSTR) reported Q3 2025 results. Revenue was $128,691 thousand with gross profit of $90,678 thousand. A large unrealized gain on digital assets of $3,890,847 thousand drove operating income to $3,890,842 thousand and net income to $2,785,024 thousand. Basic EPS was $9.30 (diluted $8.42).
The company adopted ASU 2023-08, measuring bitcoin at fair value with changes recognized in earnings. A cumulative-effect adjustment increased retained earnings by $12,746,378 thousand on January 1, 2025. As of September 30, 2025, Strategy held approximately 640,031 bitcoins with a carrying value of $73,205,725 thousand and recorded deferred tax liabilities of $6,947,911 thousand.
Cash flow reflected ongoing bitcoin accumulation: operating cash used of $45,612 thousand, investing cash used of $19,417,576 thousand (including $19,382,948 thousand of digital asset purchases), and financing cash provided of $19,476,842 thousand (common and preferred stock issuances and $2,000,000 thousand of convertible notes). Mezzanine equity from issued preferred stock totaled $5,786,330 thousand; long‑term debt, net, was $8,173,587 thousand.
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 (MSTR) director reported open‑market purchases. On 10/16/2025, the reporting person purchased 11,780 shares of Series A Perpetual Stretch Preferred Stock at $97.946. On 10/17/2025, they purchased 12,000 shares of the same series at a weighted average price of $96.875.
Following these transactions, the director beneficially owned 29,335 shares of the Series A Perpetual Stretch Preferred Stock directly. Additional direct holdings reported include 10,000 shares of Series A Perpetual Strife Preferred Stock, 5,000 shares of Series A Perpetual Stride Preferred Stock, and 28,000 shares of Class A Common Stock.
The price on 10/17/2025 reflects multiple trades within a $96.86–$96.90 range, with full trade‑by‑trade details available upon request.
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.