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Strategy 8-K Report, Regulation FD Disclosure (Jan 20, 2026)

Reports
Regulation FD·Other Events
Filing Date
Filed January 20, 2026
Period End
January 20, 2026
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 January 20, 2026. Cited figures are marked; the original filing is the authoritative source.

Strategy Inc ("Strategy") filed a Form 8-K on January 20, 2026 reporting its at-the-market (ATM) offering activity and bitcoin holdings for the period January 12, 2026 to January 19, 2026.

During that period, Strategy sold 2,945,371 shares of STRC stock with a notional value of $294.5 milliona and net proceeds of $294.3 million, and 38,796 shares of STRK stock with a notional value of $3.9 million and net proceeds of $3.4 million. It sold 10,399,650 shares of Class A Common Stock (MSTR) with net proceeds of $1,827.3 million. No STRF or STRD shares were sold in the period.

Total notional value sold across all securities was $2,125.0 millionb. As of January 19, 2026, remaining capacity available for issuance under the ATM was $1,619.3 million for STRF, $3,628.4 million for STRC, $20,331.6 million for STRK, $4,014.8 million for STRD, and $8,427.4 million for MSTR. The filing states that the bitcoin purchases were made using proceeds from ATM share sales.

During the period, Strategy acquired 22,305 bitcoin for an aggregate purchase price of $2,125.3 millionc, at an average price of $95,284 per bitcoin, inclusive of fees and expenses. As of January 19, 2026, aggregate bitcoin holdings were 709,715, with an aggregate purchase price of $53.92 billion and an average purchase price of $75,979 per bitcoin, inclusive of fees and expenses.

Under Item 7.01, the filing notes that Strategy maintains a dashboard on its website (www.strategy.com) as a Regulation FD disclosure channel covering market prices of its securities, bitcoin purchases and holdings, key performance indicators, and other information. 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. ATM sales during January 12 to January 19, 2026 totaled $2,125.0 million in notional value, led by 10,399,650 MSTR Class A common shares with $1,827.3 million in net proceeds.
  2. STRC was the largest preferred issuance in the period, with 2,945,371 shares sold, $294.5 million notional value and $294.3 million net proceeds.
  3. No STRF or STRD shares were sold during the period, while STRK sales totaled 38,796 shares with $3.9 million notional value.
  4. Strategy acquired 22,305 bitcoin for an aggregate purchase price of $2,125.3 million, funded by ATM share sales, at an average price of $95,284 per bitcoin.
  5. Aggregate bitcoin holdings reached 709,715 as of January 19, 2026, with an aggregate purchase price of $53.92 billion and an average purchase price of $75,979 per bitcoin.
  6. Remaining ATM capacity as of January 19, 2026 was $8,427.4 million for MSTR, $20,331.6 million for STRK, $3,628.4 million for STRC, $4,014.8 million for STRD and $1,619.3 million for STRF.
  7. The filing reiterates the company's website dashboard (www.strategy.com) as a Regulation FD disclosure channel for market prices, bitcoin holdings and key performance metrics.

03—Questions

Frequently Asked Questions

  1. How much did Strategy raise through its ATM program in the period?

    The filing reports a total notional value of $2,125.0 million sold across its ATM program during January 12 to January 19, 2026. MSTR Class A common stock contributed $1,827.3 million in net proceeds, STRC contributed $294.3 million in net proceeds, and STRK contributed $3.4 million in net proceeds.

  2. What did Strategy do with the ATM proceeds?

    The filing states that the bitcoin purchases were made using proceeds from the sale of shares under the ATM. In the period, Strategy acquired 22,305 bitcoin for an aggregate purchase price of $2,125.3 million, inclusive of fees and expenses.

  3. What is Strategy's total bitcoin holdings and average purchase price?

    As of January 19, 2026, Strategy's aggregate bitcoin holdings were 709,715, with an aggregate purchase price of $53.92 billion and an average purchase price of $75,979 per bitcoin, inclusive of fees and expenses.

  4. How much capacity remains under the ATM program?

    As of January 19, 2026, the filing shows $8,427.4 million available for issuance for MSTR, $20,331.6 million for STRK, $3,628.4 million for STRC, $4,014.8 million for STRD and $1,619.3 million for STRF.

  5. Did Strategy disclose information outside of this filing?

    The filing states that Strategy uses its website dashboard at www.strategy.com as a Regulation FD disclosure channel, covering market prices of its securities, bitcoin purchases and holdings, key performance indicators and other supplemental information. Investors are encouraged to review the dashboard regularly. Under Item 7.01, this information is furnished and not deemed filed for purposes of Section 18 of the Exchange Act.

04—Continue

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