Here are the 424B prospectus supplements from Strategy Inc 10.00% Series A Perpetual Stride Preferred Stock (STRD) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow STRD 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 STRD filings page.
Strategy Inc. updates the terms for its at-the-market offering of up to $21,000,000,000 of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC Stock). A stockholder-approved amendment effective November 1, 2026 changes the timing for declared regular dividends from twice monthly to each scheduled business day. The first payment date under the amendment is November 3, 2026; November 2 is not a payment date. Record dates occur every calendar day beginning November 1, including weekends and holidays.
The initial monthly dividend rate for November 2026 is 12.00% per annum, applied to the stock’s $100 stated amount per share. Dividends accumulate whether or not declared, but are payable only when declared by the board from funds legally available for payment. Strategy Inc. may set different rates for later months, subject to notice and contractual limits. The company expects to fund cash dividends primarily through additional at-the-market offerings of class A common stock, and may also use its U.S. dollar reserve or other capital-raising activities. The optional redemption price is $101 per share, plus accumulated and unpaid dividends.
Strategy Inc. amended the dividend terms governing its at-the-market offering of up to $1,659,967,526.88 of 10.00% Series A Perpetual Strife Preferred Stock (STRF). The stockholder-approved certificate becomes effective January 1, 2027. STRF accumulates dividends at 10.00% annually on its $100 stated amount per share, whether or not declared or funds are legally available; dividends are payable only when declared and from legally available funds. Through December 31, 2026, declared regular dividends remain payable quarterly. Beginning January 1, 2027, they are payable solely in cash and generally each business day; the first payment date is January 4, 2027.
When dividends due on a quarter-end payment date remain unpaid, compounded dividends initially accrue at 11.00% per year, increasing 100 basis points per calendar quarter after the first accrual quarter, up to 18.00%. Failure to declare the full accumulated amount by the last regular record date of a quarter triggers a deferral process: Strategy will use commercially reasonable efforts over 45 days to sell Class A common stock or other securities to raise proceeds sufficient to cover unpaid amounts. Subject to the deferral provisions, if dividends are not fully declared and paid for four or eight consecutive calendar quarters, STRF holders have a right to elect one preferred-stock director at each threshold.
Strategy Inc's supplement relates to an at-the-market offering of up to $2,100,000,000 of 8.00% Series A Perpetual Strike Preferred Stock (STRK Stock). Stockholders approved the amended certificate at the October 28, 2026 special meeting; it becomes effective January 1, 2027 at 12:01 a.m. Eastern time.
The 8.00% annual dividend rate applies to the $100 stated amount per share. Quarterly payments continue through December 31, 2026. Beginning January 1, 2027, declared dividends are generally payable each business day; the first payment date is January 4, 2027, or another date specified in the applicable share certificate. Dividends are payable when, as and if declared, and Strategy may elect cash, class A common shares or a combination. If paid in shares, they are valued at 95% of class A common stock's daily VWAP on the third VWAP trading day before payment, subject to a share limit using the initial $119.03-per-share floor price, which is subject to adjustment. Unpaid dividends may accumulate compounded dividends quarterly. The certificate does not require Strategy to declare or pay dividends, even when funds are legally available.
Strategy Inc's supplement describes an at-the-market offering of up to $4,133,799,112.67 of its 10.00% Series A Perpetual Stride Preferred Stock and amends its dividend terms. The annual dividend rate remains 10.00% on a stated amount of $100 per share, and dividends remain discretionary and non-cumulative.
Stockholders approved the amendment, and the amended certificate becomes effective January 1, 2027. Dividends continue quarterly through December 31, 2026; beginning in 2027, declared dividends are payable on scheduled business-day payment dates, with the first date on January 4, 2027. Record dates will be every calendar day, including weekends and holidays. Redemption and fundamental-change repurchase prices are revised to account for declared, unpaid dividends; undeclared dividends are excluded.
Strategy Inc. and The Benchmark Company, LLC terminated the Omnibus Sales Agreement solely as to Benchmark’s rights and obligations, effective November 1, 2026. The other agents’ rights and obligations are unaffected, including those of StoneX Financial Inc., an affiliate of Benchmark that remains an agent. References to “Agent,” “Agents” and “Selling Agent” exclude Benchmark and its broker-dealer affiliates.
MSTR amends its STRC preferred stock prospectus to permit semi-monthly dividends and confirm an at-the-market shelf. The supplement updates the Variable Rate Series A Perpetual Stretch Preferred Stock Annex to reflect an Amended and Restated Certificate of Designations filed June 15, 2026 and effective June 30, 2026, changing declared regular dividends to be payable semi-monthly on the 15th and last calendar day of each month. The supplement references an at-the-market program to offer up to $21,000,000,000 of STRC Stock and states the last reported sale price of STRC Stock was $87.31 per share on June 23, 2026.
Strategy Inc. is offering up to $21,000,000,000 of Class A common stock in an at-the-market program under a Sales Agreement and an Additional Program Addendum with multiple agents, as supplemented. The program supplements a prior annex under which the company sold 57,766,889 shares for aggregate proceeds of $9,614,125,940.65, leaving $6,240,239,324.89 available under the prior annex. Shares outstanding were 325,954,147 as of March 19, 2026. The last reported sale price was $135.66 per share on March 20, 2026. The offering will be conducted "at the market" through the listed agents and is subject to the terms of the Sales Agreement and its addenda.
Strategy Inc is offering up to $21,000,000,000 of Variable Rate Series A Perpetual Stretch Preferred Stock ("STRC Stock") through an at-the-market sales agreement.
The filing notes a prior STRC program of $4,200,000,000, under which 22,235,402 shares were sold for aggregate proceeds of $2,224,171,836.94, leaving $1,975,828,163.06 available under that prior annex. As of the annex date, 50,246,513 shares of STRC Stock were outstanding and the STRC Stock has a stated liquidation preference of $100 per share. The regular dividend rate is variable and is 11.50% per annum as of the annex; the company states it may adjust the rate monthly with the stated goal (at its sole discretion) of maintaining market price near $100 per share. Redemption and repurchase features (including optional redemption at $101 per share and repurchase rights on a fundamental change) and tax and fast-pay stock risks are described.
Strategy Inc is offering, through an at-the-market program, up to $2,100,000,000 aggregate offering price of its 8.00% Series A Perpetual Strike Preferred Stock ("STRK Stock") pursuant to an omnibus sales agreement and an additional program addendum.
The offering would constitute a further issuance in addition to the 14,020,744 shares of STRK Stock outstanding as of March 19, 2026. The STRK Stock carries an initial liquidation preference of $100 per share and an 8.00% cumulative dividend rate, and the company states it intends to seek common stockholder ratification of a certificate amendment that adjusts the liquidation preference formula; investors should treat that amendment as subject to ratification.