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.
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.
Strategy Inc (MSTR) reported insider transactions by its EVP & General Counsel. On November 10–11, 2025, the officer exercised a total of 10,668 employee stock options at an exercise price of $69.123 per share and sold 10,668 shares of Class A common stock pursuant to a Rule 10b5-1 trading plan established on July 11, 2025.
The sales were executed at weighted average prices across multiple trades, with reported ranges from $234.25 to $250.04. Following these transactions, the officer beneficially owned 12,726 Class A common shares directly. The filing notes 189,332 employee stock options remaining outstanding with an expiration date of February 23, 2031. The officer previously informed the issuer of an intention to retire effective December 31, 2025.
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 launched a primary offering of 7,750,000 shares of its 10.00% Series A Perpetual Stream Preferred Stock (“STRE”). The shares are offered at €80.00 per share, carry a stated amount and initial liquidation preference of €100 per share, and pay cumulative cash dividends at 10.00% of the stated amount, payable quarterly when, as and if declared, beginning on December 31, 2025.
The underwriting table indicates gross proceeds of €620,000,000, underwriting fees of €8,525,000, and proceeds to the company of €611,475,000 before expenses; Strategy estimates net proceeds of about €608.8 million for general corporate purposes, including bitcoin acquisitions and working capital.
The company may redeem all (but not part) of the series if outstanding shares fall below 25% of total originally issued (including future offerings) or upon a tax event. Holders receive a repurchase right at stated amount plus unpaid dividends upon a fundamental change. Strategy will apply to list STRE on the Luxembourg Stock Exchange’s Euro MTF under “STRE,” with trading expected within 30 days after first issuance.
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.