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Strategy 8-K Report, Regulation FD Disclosure (Sep 15, 2025)

Reports
Regulation FD·Other Events
Filing Date
Filed September 15, 2025
Period End
September 15, 2025
In the record · 2016–202610-K1110-Q338-K265

MSTR filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 265 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Jul ’20Jul ’20
  2. Material agreement8-K · Sep ’22Sep ’22
  3. Leadership change8-K · Oct ’26Oct ’26

01—Abstract

Summary

Summary of the 8-K filed September 15, 2025. Cited figures are marked; the original filing is the authoritative source.

Strategy Inc reported updates to its at-the-market (ATM) offering programs for the period September 8, 2025 to September 14, 2025.

During that week, the company sold 302,503 STRF shares, 181,228 STRK shares and 208,175 STRD shares, with net proceeds of $34.0 milliona, $17.3 million and $16.9 million, respectively. The filing states total net proceeds of $68.2 million. No shares were sold under the STRC or MSTR ATM programs during the period.

As of September 14, 2025, the remaining amounts available for issuance and sale were $1,749.6 millionb under the STRF ATM, $4,200.0 million under the STRC ATM, $20,368.8 million under the STRK ATM, $4,151.8 million under the STRD ATM and $16,105.9 million under the MSTR ATM. The company also reported bitcoin purchases. During the same period, Strategy acquired 525 bitcoin for an aggregate purchase price of $60.2 million, inclusive of fees and expenses, at an average purchase price of $114,562.

The filing states that these purchases were funded with proceeds from the STRF, STRK and STRD ATM programs. As of September 14, 2025, the company's aggregate bitcoin holdings were 638,985 BTC, with an aggregate purchase price of $47.23 billionc and an average purchase price of $73,913. Under Item 7.01, the company noted that it maintains a dashboard on its website (www.Strategy.com) as a channel for broad, non-exclusionary distribution of information, including market prices of its securities, bitcoin purchases and holdings, KPI metrics and other supplemental information.

The company states that the dashboard is also one means of disclosing non-public information for Regulation FD purposes, and investors are encouraged to review it regularly. The Item 7.01 information is furnished rather than filed.

02—Key points

Key Highlights

  1. Week of September 8 to September 14, 2025: 302,503 STRF, 181,228 STRK and 208,175 STRD shares sold, with total net proceeds of $68.2 million; no STRC or MSTR shares sold.
  2. Bitcoin holdings as of September 14, 2025 reached 638,985 BTC, with an aggregate purchase price of $47.23 billion and an average purchase price of $73,913.
  3. Strategy acquired 525 BTC during the week for an aggregate purchase price of $60.2 million (inclusive of fees and expenses), at an average purchase price of $114,562.
  4. Bitcoin purchases during the period were funded with proceeds from the STRF, STRK and STRD ATM programs.
  5. Remaining ATM capacity as of September 14, 2025: $1,749.6 million (STRF), $4,200.0 million (STRC), $20,368.8 million (STRK), $4,151.8 million (STRD) and $16,105.9 million (MSTR).
  6. The STRC ATM program, established July 31, 2025 as a $4.2 billion variable rate series A perpetual stretch preferred stock program, had no sales reported for the period.
  7. The company designates its website dashboard (www.Strategy.com) as a Regulation FD disclosure channel for market prices, bitcoin holdings and KPI metrics.

03—Questions

Frequently Asked Questions

  1. How much did Strategy raise through its ATM programs in the week ended September 14, 2025?

    The filing reports total net proceeds of $68.2 million across the STRF, STRK and STRD ATM programs for the period September 8 to September 14, 2025. Net proceeds are presented net of sales commissions. No shares were sold under the STRC or MSTR ATM programs during the period.

  2. How many bitcoin does Strategy hold, and what did it pay for them?

    As of September 14, 2025, Strategy's aggregate bitcoin holdings were 638,985 BTC, with an aggregate purchase price of $47.23 billion and an average purchase price of $73,913. Figures are inclusive of fees and expenses.

  3. What did Strategy buy in the most recent reporting week, and how was it funded?

    During the period September 8 to September 14, 2025, Strategy acquired 525 bitcoin for an aggregate purchase price of $60.2 million, at an average purchase price of $114,562. The filing states the purchases were made using proceeds from the STRF, STRK and STRD ATM programs.

  4. How much capacity remains under Strategy's ATM programs?

    As of September 14, 2025, the amounts available for issuance and sale were $1,749.6 million under the STRF ATM, $4,200.0 million under the STRC ATM, $20,368.8 million under the STRK ATM, $4,151.8 million under the STRD ATM and $16,105.9 million under the MSTR ATM.

  5. Where can investors find ongoing company information, according to this filing?

    The company maintains a dashboard on its website, www.Strategy.com, which it describes as a channel for broad, non-exclusionary distribution of information. This includes market prices of its outstanding securities, bitcoin purchases and holdings, KPI metrics and other supplemental information. The company states the dashboard is also one means of disclosing non-public information under Regulation FD, and it encourages investors to review it regularly.

04—Continue

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