01—Abstract
Summary
Summary of the 8-K filed April 13, 2026. Cited figures are marked; the original filing is the authoritative source.
Strategy Inc (MSTR) filed an 8-K on April 13, 2026 under Item 8.01 (Other Events) and Item 7.01 (Regulation FD Disclosure) updating its at-the-market (ATM) offering program and bitcoin holdings for the period April 6, 2026 to April 12, 2026.
During that week, the company sold 10,028,363 shares of its STRC Stock, with a notional value of $1,002.8 milliona and net proceeds of $1,001.3 million. No shares were sold under the STRF, STRK, STRD, or MSTR Class A Common Stock programs during the period. As of April 12, 2026, the remaining capacity available for issuance and sale was $21,642.6 million for STRC Stock, $1,619.3 million for STRF, $2,100.0 million for STRK, $4,014.8 million for STRD, and $27,096.1 million for MSTR Class A Common Stock.
The filing also reports bitcoin activity. During the same week, Strategy acquired 13,927 bitcoin for an aggregate purchase price of $1.00 billionb, with an average purchase price of $71,902, with the bitcoin purchases funded by ATM proceeds. As of April 12, 2026, aggregate bitcoin holdings were 780,897 BTC, with an aggregate purchase price of $59.02 billion and an average purchase price of $75,577, with fees and expenses included in these figures.
The filing references a March 23, 2026 announcement of new $21.0 billionc offerings of STRC Stock (the STRC Increase) and MSTR Stock (the MSTR Increase). Sales under those increases may begin once capacity under the existing offerings is substantially depleted. The filing also notes that Strategy maintains a website dashboard (www.strategy.com) as a channel for Regulation FD disclosure, and that information furnished under Item 7.01 is not deemed filed under Section 18 of the Exchange Act.
02—Key points
Key Highlights
- During April 6 to April 12, 2026, Strategy sold 10,028,363 STRC Stock shares for $1,002.8 million notional value and $1,001.3 million in net proceeds, the only ATM sales reported for the week.
- Strategy acquired 13,927 bitcoin during the week for an aggregate purchase price of $1.00 billion, funded by ATM sale proceeds.
- Aggregate bitcoin holdings were 780,897 BTC as of April 12, 2026, with an aggregate purchase price of $59.02 billion and an average purchase price of $75,577 per bitcoin.
- Remaining ATM capacity as of April 12, 2026 was $21,642.6 million for STRC Stock, $27,096.1 million for MSTR Class A Common Stock, $4,014.8 million for STRD, $2,100.0 million for STRK, and $1,619.3 million for STRF.
- The STRC Increase and MSTR Increase, each $21.0 billion, were previously announced on March 23, 2026, and sales under them may begin once existing offering capacity is substantially depleted.
- Shares sold under the ATM include shares sold but not yet settled as of April 12, 2026, and the 8-K defines notional value as the total face value of the preferred stock sold.
03—Questions
Frequently Asked Questions
How did Strategy fund its bitcoin purchases during the week of April 6 to April 12, 2026?
The filing states that the bitcoin purchases were made using proceeds from the sale of shares under the ATM. During that week, the STRC Stock sales generated $1,001.3 million in net proceeds, and bitcoin acquired totaled an aggregate purchase price of $1.00 billion.
What is the remaining capacity for issuance under Strategy's ATM program?
As of April 12, 2026, the filing reports $21,642.6 million available for STRC Stock, $27,096.1 million for MSTR Class A Common Stock, $4,014.8 million for STRD, $2,100.0 million for STRK, and $1,619.3 million for STRF. The STRC and MSTR figures reflect combined capacity including the pending increases announced on March 23, 2026.
What are the March 23, 2026 STRC and MSTR increases?
As referenced in the filing, Strategy announced on March 23, 2026 a new $21.0 billion offering of STRC Stock (the STRC Increase) and a new $21.0 billion offering of MSTR Stock (the MSTR Increase). Sales under these increases may begin once capacity under the existing offerings is substantially depleted.
What is the company's average cost basis in its bitcoin holdings?
As of April 12, 2026, the filing reports an average purchase price of $75,577 per bitcoin, based on aggregate holdings of 780,897 BTC and an aggregate purchase price of $59.02 billion, with purchase prices inclusive of fees and expenses.
Is the information in this 8-K considered filed under the Exchange Act?
No. The filing states that the information furnished under Item 7.01 (Regulation FD Disclosure) shall not be deemed filed for purposes of Section 18 of the Exchange Act, nor incorporated by reference into Securities Act or Exchange Act filings unless expressly stated. The company also notes its website dashboard as a channel for Regulation FD disclosure.
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