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Strategy Inc SEC Filings

MSTR Nasdaq

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.

The Strategy Inc (MSTR) SEC filings page on Stock Titan brings together the company’s regulatory disclosures, which are central for understanding its bitcoin treasury strategy, capital structure, and software operations. Strategy, also known as MicroStrategy Incorporated d/b/a Strategy, files current reports on Form 8-K and other documents that describe material events affecting its securities and digital asset holdings.

For investors focused on bitcoin exposure, Strategy’s 8-K filings provide detailed tables on bitcoin acquired during specific periods, aggregate purchase prices, average purchase prices, and total holdings. These filings often explain that bitcoin purchases were funded with proceeds from at-the-market offerings of common stock and several series of preferred stock. They also discuss the company’s adoption of fair value accounting for bitcoin, which influences how gains and losses on digital assets are reported.

Filings related to capital markets and preferred stock are equally important. Strategy’s 8-Ks and related exhibits outline the terms of its 10.00% Series A Perpetual Strife Preferred Stock (STRF), 8.00% Series A Perpetual Strike Preferred Stock (STRK), 10.00% Series A Perpetual Stride Preferred Stock (STRD), Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), and 10.00% Series A Perpetual Stream Preferred Stock (STRE). These documents describe dividend structures, liquidation preferences, redemption rights, and investor repurchase options upon certain “fundamental change” events.

Strategy also files agreements and prospectus supplements covering its at-the-market offering programs and Omnibus Sales Agreement with multiple sales agents. These filings explain how the company may issue and sell common and preferred shares over time, and they disclose remaining capacity under each program.

On Stock Titan, users can access these filings as they are released through EDGAR and use AI-powered summaries to interpret complex sections, such as preferred stock terms, capital markets transactions, and digital asset accounting. This helps readers quickly understand how new filings may affect Strategy’s bitcoin holdings, outstanding securities, and overall risk profile.

Rhea-AI Summary

An executive at Strategy Inc (MSTR) exercised options and sold shares on 10/07/2025. The reporting person exercised an employee stock option to acquire 30,000 Class A shares at an exercise price of $40.46 and immediately sold 30,000 Class A shares in multiple transactions at weighted-average prices between $355.48 and $359.20 (reported weighted averages: $356.051, $357.139, $358.045, $358.82). After these transactions the reporting person’s direct Class A ownership falls to 12,726 shares. The report also lists ownership of several series of preferred stock and shows 99,100 remaining option shares subject to the employee stock option.

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Rule 144 notice filed for MSTR reports a proposed sale of 30,000 Class A shares through Fidelity Brokerage Services with an aggregate market value of $10,721,038.21. The filing states the shares were acquired as an option granted on 02/17/2022 and are listed for sale with an approximate sale date of 10/07/2025 on NASDAQ. The same person, Wei‑Ming Shao, also sold Class A shares in five transactions during the prior three months, totaling $34,190,308.82 in gross proceeds across 84,400 shares listed in the table. The filer certifies no undisclosed material adverse information and signs the statutory representation required by the form.

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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.

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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.

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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.

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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.

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Summary of Form 4 filing for Strategy Inc (MSTR)

EVP & General Counsel Shao Wei-Ming reported transactions on 09/18/2025. He exercised an employee stock option to buy 10,000 shares of Class A common stock at an exercise price of $40.46 and immediately sold 10,000 shares in multiple transactions at a weighted-average sale price of $355.789. After these transactions he beneficially owns 22,726 Class A shares. The filer also reports disposal of preferred stakes: 500 shares of Series A Perpetual Strife, 15,000 of Series A Perpetual Stretch, and 3,527 of Series A Perpetual Stride. The option underlying the exercised shares has 129,100 remaining shares subject to it, with specified vesting dates through 02/17/2026.

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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.

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Insider transaction summary for Strategy Inc (MSTR). Shao Wei-Ming, EVP & General Counsel, reported transactions with an earliest transaction date of 09/15/2025. He purchased 12,500 Series A Perpetual Stretch Preferred Stock at a weighted-average price of $96.916 per share (purchases occurred at prices ranging from $96.905 to $96.93). After the purchase, the filing reports beneficial ownership of 15,000 shares of that preferred series. The filing also reports dispositions of 500 Series A Perpetual Strife Preferred shares, 3,527 Series A Perpetual Stride Preferred shares, and 12,726 Class A Common Stock shares. The Form 4 was signed by an attorney-in-fact on 09/16/2025.

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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.

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FAQ

What is the current stock price of Strategy (MSTR)?

The current stock price of Strategy (MSTR) is $134.93 as of February 6, 2026.

What is the market cap of Strategy (MSTR)?

The market cap of Strategy (MSTR) is approximately 31.0B.
Strategy Inc

Nasdaq:MSTR

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MSTR Stock Data

30.96B
267.16M
0.18%
54.58%
8%
Software - Application
Finance Services
Link
United States
TYSONS CORNER

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