Strategy SEC Filings

Strategy Inc filed its annual report describing a business built around large bitcoin holdings and an AI-powered analytics software platform. The company positions itself as the “world’s first and largest Bitcoin Treasury Company,” using equity, preferred stock, and debt financings to accumulate bitcoin.

As of February 13, 2026, Strategy held about 717,131 bitcoins acquired for $54.5 billion, an average of $76,027 per bitcoin, versus a market price of $68,734. To support dividends and interest, it created a $2.25 billion U.S. dollar reserve held in cash and cash equivalents.

The company has layered its capital structure with $8.25 billion of indebtedness and $8.47 billion of preferred stock notional value, whose dividends are tied to this reserve and future capital raises. Management warns that bitcoin’s price volatility, accounting at fair value, and concentrated exposure can cause large unrealized gains or losses and affect liquidity, tax liabilities, and the market price of its securities.

MSTR insider Wei-Ming Shao reported multiple sales of Class A shares. Transactions occurred between 11/19/2025 and 02/19/2026, with individual dispositions listed by date, share count, and proceeds in the filing.

Notable entries include a 22,500-share sale on 02/06/2026 for $2,837,050.00 and several smaller sales ranging from 2,000 to 5,000 shares on multiple dates. The filing lists cash sales of Class A shares executed through brokerage.

Wei-Ming Shao reported proposed sales of Class A shares of MSTR. The filing lists numerous cash sales dated between 11/18/2025 and 02/18/2026, with individual trades such as 22,500 shares on 02/06/2026 for $2,837,050.00 and other multi-thousand-share transactions. The notice indicates the sales arise from exercised options originally granted on 02/23/2021.

Wei-Ming Shao has filed a Rule 144 notice to sell 2,500 shares of MSTR Class A common stock. The planned sale through Fidelity Brokerage Services has an indicated aggregate market value of $322,225.00, with 267,713,485 Class A shares outstanding and an approximate sale date of 02/17/2026 on NASDAQ.

The shares to be sold were acquired on 02/17/2026 via an option granted on 02/23/2021, paid in cash. The filing also lists multiple prior Class A sales by Wei-Ming Shao over the past three months, each showing specific dates, share amounts, and gross proceeds.

Strategy Inc reported new activity in its at-the-market stock offering and its bitcoin holdings. Between February 9 and February 16, 2026, it sold 785,354 shares of its STRC preferred stock for $78.5M in notional value, generating $78.4M in net proceeds. Over the same period, it sold 660,000 shares of its MSTR Class A common stock, producing net proceeds of $90.5M. Using proceeds from these ATM sales, Strategy acquired 2,486 bitcoin for an aggregate purchase price of $168.4M, at an average price of $67,710 per bitcoin. As of February 16, 2026, Strategy held 717,131 bitcoin acquired for an aggregate purchase price of $54.52B, with an average purchase price of $76,027 per bitcoin. The company also highlighted a public dashboard on its website that provides ongoing data on its securities, bitcoin activity and key metrics.

Capital International Investors filed an amended Schedule 13G/A reporting a passive ownership stake in Strategy Inc common stock. It is deemed to beneficially own 20,869,464 shares, representing 7.8% of the 267,922,725 shares believed outstanding as of the event date.

The filing shows sole voting power over 20,858,114 shares and sole dispositive power over 20,869,464 shares, with no shared voting or dispositive power. The position includes 2,092,400 convertible preferred shares representing 209,240 common shares and 14,613,000 corporate convertible/exchangeable debt securities representing 21,732 common shares.

The investor certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Strategy Inc.

MicroStrategy Class A shareholder Wei-Ming Shao filed a Form 144 notice to sell 5,000 Class A shares through Fidelity Brokerage Services LLC on or about 02/13/2026 on NASDAQ, with an aggregate market value of $655,212.50.

The shares to be sold were acquired on 02/13/2026 by exercising an option originally granted on 02/23/2021 for cash. The filing also lists prior sales of MicroStrategy Class A shares during the past three months, including a 22,500‑share sale on 02/06/2026 for gross proceeds of $2,837,050.00. The signer represents they are not aware of undisclosed material adverse information about the issuer.

A holder of MSTR Class A shares filed a notice of proposed sale under Rule 144. The filing covers a planned sale of 2,500 Class A shares through Fidelity Brokerage Services LLC on 02/12/2026 on the NASDAQ, with an aggregate market value of $318,950.00. The issuer reports 267,713,485 Class A shares outstanding.

The 2,500 shares to be sold were acquired on 02/12/2026 by exercising an option granted on 02/23/2021, with the exercise price paid in cash. The filing also lists multiple prior Class A share sales over the past three months by Wei-Ming Shao, showing dates, share amounts, and gross proceeds for each transaction.

Jane Street Group, LLC and affiliated entities filed an amended Schedule 13G reporting beneficial ownership of Strategy Inc’s Class A common stock. They report beneficial ownership of 19,501,420.50 shares, representing 7.3% of the class, with no sole voting or dispositive power and full authority shared among the reporting entities.

The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Strategy Inc. The report lists several Jane Street subsidiaries, including broker-dealer units and international affiliates, as part of the ownership structure.