01—Abstract
Summary
Summary of the 8-K filed August 11, 2025. Cited figures are marked; the original filing is the authoritative source.
On August 11, 2025, MicroStrategy Incorporated d/b/a Strategy filed an 8-K under Item 8.01 (Other Events) reporting updates to its at-the-market (ATM) offering programs and its bitcoin holdings for the period August 4, 2025 to August 10, 2025.
Under the ATM programs, the filing reports one sale during the period: 115,169 shares of the STRF preferred stock, generating $11.5 milliona in notional value and $13.6 million in net proceeds (net of sales commission) as the total for the period. As of August 10, 2025, remaining capacity was $17,042.7 million for the Common ATM, $20,450.2 million for the STRK ATM, $1,867.4 million for the STRF ATM, $4,182.0 million for the STRD ATM, and $4,200.0 million for the STRC ATM. On the bitcoin side, the company acquired 155 BTC during the period for an aggregate purchase price of $18.0 million, with purchases funded by proceeds from the STRF ATM and the recently completed initial public offering of Variable Rate Series A Perpetual Stretch Preferred Stock.
As of August 10, 2025, aggregate bitcoin holdings were 628,946 BTC, with an aggregate purchase price of $46.10 billionb and an average purchase price of $73,288 per bitcoin, with aggregate and average prices inclusive of fees and expenses. The filing also incorporates by reference the company's dashboard at www.strategy.com, which it describes as a channel for broad, non-exclusionary public disclosure under Regulation FD, and notes that information furnished under Item 7.01 is not deemed filed for purposes of Section 18 of the Exchange Act.
02—Key points
Key Highlights
- Reported 155 BTC acquired during August 4 to August 10, 2025, for an aggregate purchase price of $18.0 million.
- Aggregate bitcoin holdings reached 628,946 BTC as of August 10, 2025, with an aggregate purchase price of $46.10 billion and an average purchase price of $73,288 per bitcoin.
- The STRF ATM was the only program with reported sales in the period: 115,169 shares, $11.5 million notional value and $13.6 million in net proceeds.
- Remaining ATM capacity as of August 10, 2025 was $17,042.7 million (Common), $20,450.2 million (STRK), $1,867.4 million (STRF), $4,182.0 million (STRD) and $4,200.0 million (STRC).
- Bitcoin purchases were funded using STRF ATM proceeds and the recently completed IPO of Variable Rate Series A Perpetual Stretch Preferred Stock.
- The Common, STRK, STRD and STRC programs reported no shares sold during the period.
- The company identifies its website dashboard (www.strategy.com) as a Regulation FD disclosure channel.
03—Questions
Frequently Asked Questions
How much bitcoin did Strategy acquire in the week ending August 10, 2025?
The filing reports 155 BTC acquired during August 4 to August 10, 2025, for an aggregate purchase price of $18.0 million, inclusive of fees and expenses.
What are Strategy's total bitcoin holdings as of August 10, 2025?
Aggregate holdings were 628,946 BTC, with an aggregate purchase price of $46.10 billion and an average purchase price of $73,288 per bitcoin, inclusive of fees and expenses.
How were the recent bitcoin purchases funded?
The filing states the purchases were made using proceeds from the STRF ATM and the previously announced and completed initial public offering of Variable Rate Series A Perpetual Stretch Preferred Stock.
How much capacity remains under Strategy's at-the-market offering programs?
As of August 10, 2025, the filing lists $17,042.7 million remaining for the Common ATM, $20,450.2 million for the STRK ATM, $1,867.4 million for the STRF ATM, $4,182.0 million for the STRD ATM and $4,200.0 million for the STRC ATM.
Did Strategy sell any securities under its ATM programs during the week?
Yes, but only under the STRF ATM, which sold 115,169 shares for $11.5 million in notional value and $13.6 million in net proceeds net of sales commission. The Common, STRK, STRD and STRC programs reported no sales in the period.
04—Continue