01—Abstract
Summary
Summary of the 8-K filed February 17, 2026. Cited figures are marked; the original filing is the authoritative source.
On February 17, 2026, Strategy Inc filed an 8-K reporting two updates for the period February 9 to February 16, 2026.
Under its at-the-market (ATM) offering program, the company sold 785,354 shares of STRC Stock, with a notional value of $78.5 milliona and net proceeds of $78.4 million, and 660,000 shares of MSTR Class A Common Stock, with net proceeds of $90.5 million. Total notional value across ATM sales was $169.0 million. As of February 16, 2026, the remaining amounts available for issuance and sale were $1,619.3 million for STRF, $3,542.8 million for STRC, $20,331.6 million for STRK, $4,014.8 million for STRD, and $7,883.7 million for MSTR, as stated in the filing.
In its bitcoin update, the company stated it acquired 2,486 BTC during the same period for an aggregate purchase price of $168.4 millionb, at an average purchase price of $67,710 per BTC, with purchases funded by ATM proceeds. As of February 16, 2026, aggregate bitcoin holdings were 717,131 BTC, with an aggregate purchase price of $54.52 billion and an average purchase price of $76,027 per BTC. Both figures are inclusive of fees and expenses.
The filing also refers to the company's dashboard at www.strategy.com, which it uses as a Regulation FD disclosure channel for market prices, bitcoin holdings, and key performance metrics. The information furnished under Item 7.01 is stated not to be deemed filed for purposes of Section 18 of the Exchange Act.
02—Key points
Key Highlights
- Bitcoin holdings reached 717,131 BTC as of February 16, 2026, with an aggregate purchase price of $54.52 billion and average purchase price of $76,027 per BTC.
- During February 9 to 16, 2026, the company acquired 2,486 BTC for an aggregate purchase price of $168.4 million, at an average of $67,710 per BTC.
- ATM sales during the period totaled $169.0 million in notional value, consisting of 785,354 STRC shares ($78.5 million notional, $78.4 million net proceeds) and 660,000 MSTR Class A shares ($90.5 million net proceeds).
- No STRF, STRK, or STRD shares were sold during the period, according to the filing.
- Remaining ATM capacity as of February 16, 2026 was $20,331.6 million for STRK, $7,883.7 million for MSTR, $3,542.8 million for STRC, $4,014.8 million for STRD, and $1,619.3 million for STRF.
- Bitcoin purchases were funded with proceeds from ATM share sales, per the filing's footnote.
03—Questions
Frequently Asked Questions
How was the company's bitcoin purchase funded during this period?
The filing states that the bitcoin purchases were made using proceeds from the sale of shares under the at-the-market offering program.
What is the company's total bitcoin holding as of February 16, 2026?
The filing reports aggregate bitcoin holdings of 717,131 BTC, with an aggregate purchase price of $54.52 billion and an average purchase price of $76,027 per bitcoin, inclusive of fees and expenses.
Which securities were sold under the ATM program during February 9 to 16, 2026?
The filing reports sales of 785,354 shares of STRC Stock and 660,000 shares of MSTR Class A Common Stock. No shares of STRF, STRK, or STRD were sold in the period.
What does net proceeds mean in this filing?
The filing states that net proceeds are presented net of sales commission. For example, STRC notional value of $78.5 million corresponds to net proceeds of $78.4 million.
Where can investors find ongoing company information?
The filing states that Strategy maintains a dashboard at www.strategy.com, which it uses as a channel for broad, non-exclusionary distribution of information, including market prices of its securities, bitcoin purchases and holdings, and key performance indicator metrics.
04—Continue