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Strategy 8-K Report, Regulation FD Disclosure (Oct 20, 2025)

Reports
Regulation FD·Other Events
Filing Date
Filed October 20, 2025
Period End
October 20, 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 October 20, 2025. Cited figures are marked; the original filing is the authoritative source.

On October 20, 2025, Strategy Inc ("Strategy") filed an 8-K under Items 8.01 and 7.01 with updates on its at-the-market (ATM) offering programs and its bitcoin holdings for the period October 13 to October 19, 2025.

During that week, Strategy sold 100,206 STRF shares (notional value $10.0 milliona, net proceeds $11.2 million), 55,001 STRK shares (notional $5.5 million, net proceeds $5.1 million), and 32,240 STRD shares (notional $3.2 million, net proceeds $2.6 million). No STRC or MSTR shares were sold. The total net proceeds for the week were $18.8 million.

Strategy used these proceeds, drawn from the STRF, STRK and STRD ATM programs, to acquire 168 bitcoin for an aggregate purchase price of $18.8 millionb, at an average price of $112,051 per bitcoin, inclusive of fees and expenses. As of October 19, 2025, Strategy held 640,418 bitcoin with an aggregate purchase price of $47.40 billion and an average purchase price of $74,010 per bitcoin.

The filing also reports remaining capacity under each ATM program as of October 19, 2025: $1,687.8 millionc for STRF, $4,200.0 million for STRC, $20,362.1 million for STRK, $4,143.1 million for STRD, and $15,908.8 million for MSTR common stock. Item 7.01 notes that the company's website dashboard (www.Strategy.com) is used as a Regulation FD disclosure channel, and that the Item 7.01 information is furnished rather than filed.

02—Key points

Key Highlights

  1. Strategy acquired 168 bitcoin during October 13–19, 2025, at an aggregate purchase price of $18.8 million and an average price of $112,051, funded by STRF, STRK and STRD ATM proceeds.
  2. Aggregate bitcoin holdings reached 640,418 as of October 19, 2025, with an aggregate purchase price of $47.40 billion and an average purchase price of $74,010 per bitcoin.
  3. STRK was the largest seller by shares that week at 55,001 shares, with $5.1 million in net proceeds, while STRF sold 100,206 shares for $11.2 million in net proceeds.
  4. STRD sold 32,240 shares for $3.2 million in notional value and $2.6 million in net proceeds.
  5. No STRC or MSTR (common stock) shares were sold during the reporting week.
  6. Remaining ATM capacity as of October 19, 2025 was $20,362.1 million for STRK, $15,908.8 million for MSTR common stock, $4,200.0 million for STRC, $4,143.1 million for STRD and $1,687.8 million for STRF.
  7. The company points investors to its website dashboard (www.Strategy.com) for market prices, bitcoin purchases and holdings, KPI metrics and other supplemental information.

03—Questions

Frequently Asked Questions

  1. How much bitcoin did Strategy buy in the latest reporting week, and how was it funded?

    Strategy acquired 168 bitcoin between October 13 and October 19, 2025, for an aggregate purchase price of $18.8 million, inclusive of fees and expenses. The filing states the purchases were made using proceeds from the STRF, STRK and STRD ATM programs.

  2. What are Strategy's total bitcoin holdings and their cost basis?

    As of October 19, 2025, Strategy held 640,418 bitcoin with an aggregate purchase price of $47.40 billion, an average purchase price of $74,010 per bitcoin, with figures inclusive of fees and expenses.

  3. Which preferred stock ATM programs were active, and how much did they raise this week?

    STRF, STRK and STRD generated net proceeds of $11.2 million, $5.1 million and $2.6 million, respectively, during October 13–19, 2025. STRC and MSTR common stock did not sell any shares during the week.

  4. How much capacity remains under each ATM program?

    As of October 19, 2025, the remaining capacity available for issuance and sale was $1,687.8 million for STRF, $4,200.0 million for STRC, $20,362.1 million for STRK, $4,143.1 million for STRD and $15,908.8 million for MSTR common stock.

  5. Where does Strategy disclose supplemental information to investors?

    Strategy maintains a dashboard on its website (www.Strategy.com), which it uses as a Regulation FD disclosure channel. The dashboard includes market prices of its securities, bitcoin purchases and holdings, KPI metrics and other supplemental information. The Item 7.01 information is furnished and not deemed filed under Section 18 of the Exchange Act.

04—Continue

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