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Strategy 8-K Report, Regulation FD Disclosure (Nov 3, 2025)

Reports
Regulation FD·Other Events
Filing Date
Filed November 3, 2025
Period End
November 3, 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 November 3, 2025. Cited figures are marked; the original filing is the authoritative source.

On November 3, 2025, Strategy Inc (MSTR) filed a Form 8-K under Items 8.01 and 7.01 reporting updates on its at-the-market (ATM) equity offering programs and its bitcoin holdings for the period October 27, 2025 to November 2, 2025.

During that week the company sold 76,017 STRF Shares ($7.6 milliona notional, $8.4 million net proceeds), 49,374 STRK Shares ($4.9 million notional, $4.4 million net proceeds), 29,065 STRD Shares ($2.9 million notional, $2.3 million net proceeds), and 183,501 MSTR Shares ($54.4 million net proceeds). No STRC Shares were sold. Total notional value across the programs was $69.5 million.

Remaining capacity under the programs as of November 2, 2025 was $1,660.0 millionb for STRF, $4,200.0 million for STRC, $20,340.6 million for STRK, $4,133.8 million for STRD, and $15,854.4 million for MSTR. On the bitcoin side, the company acquired 397 BTC during the period for an aggregate purchase price of $45.6 million, with an average purchase price of $114,771 per bitcoin, inclusive of fees and expenses. The filing states that these purchases were funded with proceeds from the STRF, STRK, STRD and MSTR ATM programs.

As of November 2, 2025, aggregate bitcoin holdings were 641,205 BTC, with an aggregate purchase price of $47.49 billionc and an average purchase price of $74,057 per bitcoin. The filing also incorporates by reference the company's Strategy Dashboard on its website (www.Strategy.com), which the company designates as a channel for Regulation FD disclosures. The Item 7.01 information is furnished rather than filed for purposes of Section 18 of the Exchange Act.

02—Key points

Key Highlights

  1. Bitcoin holdings reached 641,205 BTC as of November 2, 2025, with an aggregate purchase price of $47.49 billion and an average purchase price of $74,057 per bitcoin.
  2. During the October 27 to November 2, 2025 period, the company acquired 397 BTC for an aggregate purchase price of $45.6 million, at an average price of $114,771 per bitcoin.
  3. Total ATM notional value sold during the week was $69.5 million, led by MSTR common stock ($54.4 million net proceeds, 183,501 shares).
  4. STRC ATM sold no shares during the period, while $4.2 billion remained available under that program as of November 2, 2025.
  5. Remaining capacity as of November 2, 2025 was $15,854.4 million under the MSTR ATM, $20,340.6 million under the STRK ATM, $4,133.8 million under the STRD ATM, and $1,660.0 million under the STRF ATM.
  6. Bitcoin purchases were funded using proceeds from the STRF, STRK, STRD and MSTR ATM programs, as stated in the filing.
  7. The filing furnishes information under Item 7.01 and points investors to the Strategy Dashboard at www.Strategy.com for ongoing disclosures, including market prices, bitcoin holdings and KPIs.

03—Questions

Frequently Asked Questions

  1. How much bitcoin does Strategy hold after this filing?

    As of November 2, 2025, Strategy's aggregate bitcoin holdings were 641,205 BTC, with an aggregate purchase price of $47.49 billion and an average purchase price of $74,057 per bitcoin, inclusive of fees and expenses.

  2. How were the bitcoin purchases during the week funded?

    The filing states that the 397 BTC acquired between October 27 and November 2, 2025 were made using proceeds from the STRF, STRK, STRD and MSTR at-the-market offering programs.

  3. Which ATM program raised the most capital during the reporting period?

    The MSTR ATM program generated the most net proceeds, at $54.4 million from 183,501 MSTR Shares sold, out of total notional value of $69.5 million across all programs.

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

    As of November 2, 2025, the filing lists $1,660.0 million remaining for STRF, $4,200.0 million for STRC, $20,340.6 million for STRK, $4,133.8 million for STRD and $15,854.4 million for MSTR.

  5. Where does Strategy disclose information for investors beyond SEC filings?

    The company maintains a dashboard at www.Strategy.com, which it uses as a Regulation FD disclosure channel for information such as market prices of its securities, bitcoin purchases and holdings, KPI metrics and other supplemental information.

04—Continue

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