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 President & CEO Le Phong filed a Form 4 reporting an indirect purchase of preferred stock through a family account. On 01/08/2026, an account for Minor Child 3 acquired 12 shares of Series A Perpetual Stretch Preferred Stock at $99.99 per share, bringing that account’s holdings in this series to 28 shares. The filing also lists other beneficial holdings, including 6,000 shares of Series A Perpetual Strife Preferred Stock, 5,500 shares of Series A Perpetual Stretch Preferred Stock, 4,500 shares of Series A Perpetual Stride Preferred Stock, smaller indirect preferred holdings for two other minor children, and 16,390 shares of Class A common stock.
Strategy Inc reported an update on recent activity under its at-the-market equity offering program and on its bitcoin holdings. Between December 8, 2025 and December 14, 2025, the company sold 163,306 shares of STRF stock, 7,036 shares of STRK stock, 1,029,202 shares of STRD stock and 4,789,664 shares of MSTR Class A common stock, generating total net proceeds of $989.0M.
Over the same period, Strategy acquired 10,645 bitcoin for an aggregate purchase price of $980.3M, or an average of $92,098 per bitcoin, using proceeds from these share sales. As of December 14, 2025, the company held 671,268 bitcoin in total, with an aggregate purchase price of $50.33B and an average purchase price of $74,972 per bitcoin. Strategy also highlighted that it maintains a public dashboard on its website providing updates on its securities, bitcoin holdings, key performance indicators and other supplemental information.
Strategy Inc reports recent activity under its at-the-market stock offering and related bitcoin purchases. Between December 1 and December 7, 2025, the company sold 442,536 shares of STRD preferred stock for a notional value of $44.3 million, generating net proceeds of $34.9 million, and 5,127,684 shares of MSTR common stock, generating net proceeds of $928.1 million. Total net proceeds from the ATM activity were $963.0 million.
Using proceeds from sales of STRD and MSTR shares, Strategy acquired 10,624 bitcoin during the same period for an aggregate purchase price of $962.7 million, at an average price of $90,615 per bitcoin. As of December 7, 2025, the company held an aggregate of 660,624 bitcoin purchased for a total of $49.35 billion, with an average purchase price of $74,696 per bitcoin. The company also highlights a public dashboard on its website that provides information on its securities, bitcoin holdings, and other metrics.
Strategy Inc (MSTR) director filed a Form 4 reporting a personal purchase of the company's Series A Perpetual Stretch Preferred Stock. On 11/21/2025, the director bought 1,100 shares at a price of $95.28 per share, a transaction coded as a purchase. Following this trade, the director beneficially owns 2,600 shares of this preferred stock in direct ownership.
Strategy Inc (MSTR) executive vice president and general counsel reported planned stock option exercises and share sales in mid‑November 2025. On November 18, 2025, he exercised options for 2,600 shares of Class A common stock at $69.123 per share and sold 2,600 shares at $200 per share, leaving 32,726 shares owned directly. On November 19, 2025, he repeated this pattern, exercising another 2,600 options at $69.123 and selling 2,600 shares at $202.02 per share, with direct ownership again shown as 32,726 shares.
The filing notes these trades were made under a Rule 10b5‑1 trading plan adopted on July 11, 2025, and references his previously disclosed intention to retire effective December 31, 2025. After these transactions, he continued to hold employee stock options covering 170,998 shares of Class A common stock expiring on February 23, 2031, as well as several series of preferred stock.
Strategy Inc. (MSTR) VP & CAO Form 4 insider activity reports the vesting and settlement of equity awards and a small share sale tied to taxes. On 11/17/2025, 100 restricted stock units converted into 100 shares of Class A common stock, all previously granted awards that vested in full on November 15, 2025. On 11/18/2025, the officer sold 43 Class A shares at $208.548 under a Rule 10b5-1 instruction letter to satisfy tax withholding obligations linked to the vesting. After these transactions, the reporting person beneficially owns 8,733 Class A shares and 5,000 shares of Series A Perpetual Stretch Preferred Stock. Each restricted stock unit had represented a contingent right to receive one share of Class A common stock.
Strategy Inc's EVP and General Counsel, a reporting officer of MSTR, reported option exercises and related stock sales under a prearranged Rule 10b5-1 trading plan. On November 14, 2025, he exercised 2,600 employee stock options at an exercise price of $69.123 per share for Class A common stock, then sold 2,600 shares at $200.48 per share, leaving 32,726 Class A common shares directly owned. On November 17, 2025, he repeated this pattern, exercising another 2,600 options at $69.123 and selling 2,600 shares at $200 per share, with direct ownership again shown as 32,726 Class A shares.
After these transactions, he also reports direct holdings of 500 shares of Series A Perpetual Strife Preferred Stock, 15,000 shares of Series A Perpetual Stretch Preferred Stock, and 3,527 shares of Series A Perpetual Stride Preferred Stock. The filing notes that these trades occur as he prepares to retire effective December 31, 2025, consistent with a previously disclosed retirement plan.
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 (MSTR) Form 4: The EVP & General Counsel reported Rule 10b5-1 plan transactions on 11/12–11/13/2025. He exercised stock options for 20,000 shares at $40.46, and additional options for 5,334 and 2,600 shares at $69.123. He sold shares in multiple trades on 11/12 at weighted-average prices across ranges noted in the footnotes (from $220.235 to $234.80), and sold 2,600 shares on 11/13 at a weighted-average price of $223.667. Following the reported transactions, beneficial ownership was 32,726 Class A shares, held directly.
The trades were made pursuant to a Rule 10b5-1 trading plan established on July 11, 2025. The filing also references the officer’s previously disclosed intention to retire effective December 31, 2025.
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.