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

Reports
Regulation FD·Other Events
Filing Date
Filed April 20, 2026
Period End
April 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 ’19Jul ’19
  2. Material agreement8-K · Jun ’21Jun ’21
  3. Leadership change8-K · Jul ’25Jul ’25

01—Abstract

Summary

Summary of the 8-K filed April 20, 2026. Cited figures are marked; the original filing is the authoritative source.

Strategy Inc (MSTR) filed this Form 8-K on April 20, 2026 with two disclosures: an update on at-the-market (ATM) offering sales for the April 13 to April 19, 2026 period, and an update on its bitcoin holdings.

Under the ATM program, the company sold 21,795,389 shares of its 10.00% Series A Perpetual Stretch Preferred Stock (STRC) for a notional value of $2,179.5 milliona and net proceeds of $2,176.3 million, and sold 2,165,000 shares of Class A Common Stock (MSTR) for net proceeds of $366.0 million. Total net proceeds across the reported securities were $2,542.3 million. The STRF, STRK and STRD preferred stock series had no sales in the period.

As of April 19, 2026, the remaining capacity available for issuance was $19,463.0 millionb for STRC, $26,729.7 million for MSTR, $2,100.0 million for STRK, $4,014.8 million for STRD and $1,619.3 million for STRF. On the bitcoin side, Strategy acquired 34,164 bitcoin during the period for an aggregate purchase price of $2.54 billion, at an average purchase price of $74,395 per bitcoin, with fees and expenses included. These purchases were funded by proceeds from ATM sales.

As of April 19, 2026, aggregate holdings were 815,061 bitcoin, with an aggregate purchase price of $61.56 billionc and an average purchase price of $75,527 per bitcoin. The filing also notes that on March 23, 2026, Strategy announced a new $21.0 billion offering of MSTR stock (the "MSTR Increase").

Its remaining MSTR capacity reflects both the current offering and the MSTR Increase, and sales under the MSTR Increase may begin once capacity under the existing offering is substantially depleted. Separately, under Item 7.01, the company states that it uses its website dashboard (www.strategy.com) as a Regulation FD disclosure channel, and that the furnished information is not deemed filed under Section 18 of the Exchange Act.

02—Key points

Key Highlights

  1. STRC preferred stock accounted for nearly all ATM proceeds in the period: 21,795,389 shares sold, $2,179.5 million notional value and $2,176.3 million net proceeds.
  2. MSTR common stock sold 2,165,000 shares for $366.0 million in net proceeds during April 13 to April 19, 2026.
  3. Total net proceeds from ATM sales in the period were $2,542.3 million.
  4. Strategy acquired 34,164 bitcoin for an aggregate purchase price of $2.54 billion, at an average of $74,395 per bitcoin, funded by ATM proceeds.
  5. Aggregate bitcoin holdings reached 815,061 as of April 19, 2026, with an aggregate purchase price of $61.56 billion and an average purchase price of $75,527.
  6. Remaining ATM capacity as of April 19, 2026 was $19,463.0 million for STRC and $26,729.7 million for MSTR, with a new $21.0 billion MSTR Increase announced March 23, 2026.
  7. No sales were reported for the STRF, STRK or STRD preferred stock series during the period.

03—Questions

Frequently Asked Questions

  1. How much capital did Strategy raise through its ATM program in the April 13 to April 19, 2026 period?

    The filing reports total net proceeds of $2,542.3 million across the securities sold. STRC preferred stock contributed $2,176.3 million in net proceeds, and MSTR Class A common stock contributed $366.0 million.

  2. How much bitcoin did Strategy buy and at what price?

    Strategy acquired 34,164 bitcoin for an aggregate purchase price of $2.54 billion, at an average purchase price of $74,395 per bitcoin, inclusive of fees and expenses. The filing states these purchases were made using ATM sale proceeds.

  3. What are Strategy's total bitcoin holdings as of April 19, 2026?

    Aggregate holdings were 815,061 bitcoin, with an aggregate purchase price of $61.56 billion and an average purchase price of $75,527 per bitcoin.

  4. How much capacity remains for future securities issuance?

    As of April 19, 2026, the filing lists remaining availability of $19,463.0 million for STRC, $26,729.7 million for MSTR, $2,100.0 million for STRK, $4,014.8 million for STRD and $1,619.3 million for STRF. The MSTR figure includes the remaining capacity of the $21.0 billion MSTR Increase announced March 23, 2026, which may begin once the existing offering capacity is substantially depleted.

  5. Why does the filing include a Regulation FD disclosure section?

    Under Item 7.01, Strategy states that its website dashboard (www.strategy.com) is a channel for broad, non-exclusionary public disclosure, covering securities prices, bitcoin purchases and holdings, key performance indicators and other supplemental information. The company encourages investors to review this dashboard regularly, and the furnished information is not deemed filed under Section 18 of the Exchange Act.

04—Continue

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