Bitcoin buys and ATM sales reshape Strategy Inc (MSTR) holdings
Rhea-AI Filing Summary
Strategy Inc reports recent activity under its at-the-market offering and in bitcoin. Between March 2 and March 8, 2026, it sold 3,776,205 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) for a notional value of
During that period, Strategy acquired 17,994 bitcoin for an aggregate purchase price of
The company amended its Omnibus Sales Agreement so that more than one agent can sell a single class or series of securities outside regular market hours, while still permitting additional agents to execute block sale transactions after 4:00 p.m. New York City time. Strategy also highlights its website dashboard as a key channel for ongoing disclosure, including security prices, bitcoin activity, key performance indicators and other supplemental information.
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Insights
Strategy Inc expands ATM usage and bitcoin exposure while adding sales flexibility.
Strategy Inc reports sizable capital raised through its at-the-market program and continued large-scale bitcoin accumulation. Selling 3,776,205 STRC shares for a notional
On the crypto side, acquiring 17,994 bitcoin for an aggregate purchase price of
The amendment to the Omnibus Sales Agreement allows multiple agents to sell the same security outside normal market hours and preserves the ability to execute block trades after
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01 | Other Events. |
ATM Update
On March 9, 2026, Strategy Inc (“Strategy”) announced an update with respect to sales made under its at-the-market offering program (“ATM”) of the following securities:
| During Period March 2, 2026 to March 8, 2026 | As of March 8, 2026 | |||||||||||||||
| Security |
Shares Sold | Notional Value (in millions) (1) |
Net Proceeds (in millions) (2) |
Available for Issuance and Sale (in millions) |
||||||||||||
| STRF Stock |
— | $ | — | $ | — | $ | 1,619.3 | |||||||||
| STRC Stock |
3,776,205 | $ | 377.6 | $ | 377.1 | $ | 3,158.0 | |||||||||
| STRK Stock |
— | $ | — | $ | — | $ | 20,331.6 | |||||||||
| STRD Stock |
— | $ | — | $ | — | $ | 4,014.8 | |||||||||
| MSTR Stock |
6,327,541 | $ | — | $ | 899.5 | $ | 6,713.3 | |||||||||
| Total |
$ | 1,276.6 | ||||||||||||||
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| (1) | The total face value of the shares of preferred stock sold, which is used to calculate dividends thereon. |
| (2) | Net proceeds are presented net of sales commission. |
BTC Update
On March 9, 2026, Strategy announced updates with respect to its bitcoin holdings:
| During Period March 2, 2026 to March 8, 2026 | As of March 8, 2026 | |||||||||
| BTC Acquired (1) |
Aggregate |
Average |
Aggregate BTC |
Aggregate |
Average | |||||
| 17,994 | $1.28 | $70,946 | 738,731 | $56.04 | $75,862 | |||||
| (1) | The bitcoin purchases were made using proceeds from the sale of shares under the ATM. |
| (2) | Aggregate and average purchase prices are inclusive of fees and expenses. |
Amendment to Omnibus Sales Agreement
On March 9, 2026, Strategy and the agents under its ongoing ATM entered into an amendment to the Omnibus Sales Agreement (“Sales Agreement”) to provide that the requirement under the Sales Agreement that Strategy will only sell securities of any single class or series through one agent on any single trading day shall not apply to or prohibit Strategy from appointing a second agent to effect sales of such class or series under the Sales Agreement before 9:30 a.m. and/or after 4:00 p.m. New York City time on such trading day. Strategy continues to be able to appoint an additional agent to execute a block sale transaction after 4:00 p.m. New York City time on any such trading day.
A copy of the Sales Agreement as amended to date is attached as Exhibit 1.1 hereto and is incorporated herein by reference.
| Item 7.01 | Regulation FD Disclosure. |
Strategy Dashboard
Strategy also maintains a dashboard on its website (www.strategy.com) as a disclosure channel for providing broad, non-exclusionary distribution of information regarding Strategy to the public, including information regarding market prices of its outstanding securities, bitcoin purchases and holdings, certain key performance indicator metrics and other supplemental information, and as one means of disclosing non-public information in compliance with its disclosure obligations under Regulation FD. Investors and others are encouraged to regularly review the information that Strategy makes public via the website dashboard.
Furnished Information
The information disclosed pursuant to Item 7.01 in this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. |
Description | |
| 1.1 | Omnibus Sales Agreement, dated as of November 4, 2025, as amended, by and among Strategy and TD Securities (USA) LLC, Barclays Capital Inc., The Benchmark Company, LLC, BTIG, LLC, Canaccord Genuity LLC, Cantor Fitzgerald & Co., Clear Street LLC, Compass Point Research & Trading, LLC, H.C. Wainwright & Co., LLC, Keefe, Bruyette & Woods, Inc., Maxim Group LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, Santander US Capital Markets LLC, SG Americas Securities, LLC and TCBI Securities, Inc., doing business as Texas Capital Securities. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: March 9, 2026 | Strategy Inc (Registrant) | |||||
| By: | /s/ Thomas C. Chow | |||||
| Name: | Thomas C. Chow | |||||
| Title: | Executive Vice President & General Counsel | |||||
FAQ
How much stock did Strategy Inc (MSTR) sell through its ATM program in early March 2026?
What changes did Strategy Inc (MSTR) make to its Omnibus Sales Agreement?
How many bitcoin did Strategy Inc (MSTR) buy during March 2–8, 2026?
What are Strategy Inc’s (MSTR) total bitcoin holdings and cost basis as of March 8, 2026?
What information does the Strategy Inc (MSTR) website dashboard provide to investors?
Which securities remain available for issuance under Strategy Inc’s ATM program?
Filing Exhibits & Attachments
5 documents