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Strategy 8-K Report, Regulation FD Disclosure (May 11, 2026)

Reports
Regulation FD·Other Events
Filing Date
Filed May 11, 2026
Period End
May 4, 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 · Mar ’17Mar ’17
  2. Leadership change8-K · Jul ’19Jul ’19
  3. Material agreement8-K · Jun ’21Jun ’21
  4. Material agreement8-K · Jul ’25Jul ’25

01—Abstract

Summary

Summary of the 8-K filed May 11, 2026. Cited figures are marked; the original filing is the authoritative source.

Strategy Inc (MSTR) filed an 8-K on May 11, 2026 disclosing two sets of updates covering the period May 4 to May 10, 2026.

Under Item 8.01, the company reported at-the-market (ATM) offering activity: STRC preferred stock sold 1,412 shares for net proceeds of $0.1 milliona, MSTR Class A common stock sold 231,324 shares for net proceeds of $42.9 million, and total net proceeds across securities were $43.0 million. As of May 10, 2026, remaining capacity available for issuance was $19,462.8 million for STRC, $26,349.4 million for MSTR common stock, $4,014.8 million for STRD, $2,100.0 million for STRK, and $1,619.3 million for STRF. No STRF, STRK, or STRD shares were sold in the period.

On the bitcoin side, the company acquired 535 BTC during the period using ATM proceeds, at an aggregate purchase price of $43.0 millionb and an average purchase price of $80,340 per bitcoin, inclusive of fees and expenses. Aggregate holdings as of May 10, 2026 were 818,869 BTC, with an aggregate purchase price of $61.86 billion and an average purchase price of $75,540 per bitcoin.

The filing also notes a previously disclosed March 23, 2026 announcement of a new $21.0 billionc MSTR Stock offering (the "MSTR Increase"), with sales under it permitted once capacity under the existing offering is substantially depleted. Under Item 7.01, the company references its website dashboard (www.strategy.com) as a Regulation FD disclosure channel, and the Item 7.01 information is furnished rather than filed.

02—Key points

Key Highlights

  1. Net ATM proceeds totaled $43.0 million for May 4 to May 10, 2026, almost entirely from 231,324 shares of MSTR Class A common stock ($42.9 million).
  2. Strategy acquired 535 bitcoin during the period, funded by ATM sales, at an average purchase price of $80,340 including fees and expenses.
  3. Aggregate bitcoin holdings reached 818,869 BTC as of May 10, 2026, with an aggregate purchase price of $61.86 billion and an average purchase price of $75,540.
  4. STRC preferred stock sales were minimal, with 1,412 shares sold for $0.1 million in net proceeds.
  5. No sales were reported for STRF, STRK, or STRD preferred stock during the period.
  6. Remaining ATM capacity as of May 10, 2026 was $26,349.4 million for MSTR common stock and $19,462.8 million for STRC preferred stock.
  7. A separate $21.0 billion MSTR Stock offering (the MSTR Increase), announced March 23, 2026, may begin once capacity under the existing offering is substantially depleted.

03—Questions

Frequently Asked Questions

  1. How much capital did Strategy raise through its ATM program in the May 4 to May 10, 2026 period?

    Total net proceeds were $43.0 million, with $42.9 million from MSTR Class A common stock sales of 231,324 shares and $0.1 million from 1,412 shares of STRC preferred stock. Net proceeds are presented net of sales commissions.

  2. How was the bitcoin purchased during the period funded?

    The filing states that the 535 BTC acquired during May 4 to May 10, 2026 were purchased using proceeds from the sale of shares under the ATM, with an aggregate purchase price of $43.0 million.

  3. What are Strategy's total bitcoin holdings and their cost basis?

    As of May 10, 2026, Strategy held 818,869 BTC with an aggregate purchase price of $61.86 billion and an average purchase price of $75,540 per bitcoin. Prices are inclusive of fees and expenses.

  4. How much capacity remains under the ATM program?

    As of May 10, 2026, available capacity was $26,349.4 million for MSTR Class A common stock (which includes remaining capacity under the MSTR Increase), $19,462.8 million for STRC, $4,014.8 million for STRD, $2,100.0 million for STRK, and $1,619.3 million for STRF.

  5. What is the MSTR Increase and when can sales under it begin?

    The MSTR Increase is a new $21.0 billion offering of MSTR Stock that Strategy announced on March 23, 2026. Sales under it may begin once capacity under the existing MSTR offering is substantially depleted.

04—Continue

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