01—Abstract
Summary
Summary of the 8-K filed July 13, 2026. Cited figures are marked; the original filing is the authoritative source.
Strategy Inc (MSTR) filed an 8-K on July 13, 2026 reporting activity for the week of July 6 to July 12, 2026, under its at-the-market (ATM) offering program and related capital management.
During the period, the company sold 4,818,781 shares of MSTR Class A Common Stock under its ATM, with net proceeds of $466.7 milliona, and sold no shares of its STRF, STRC, STRK, or STRD preferred stock. As of July 12, 2026, remaining capacity under the ATM was $1,619.3 million for STRF, $17,510.8 million for STRC, $2,100.0 million for STRK, $4,014.8 million for STRD, and $23,790.3 million for MSTR Stock, the latter reflecting combined capacity under the current offering and the $21.0 billion MSTR Increase announced March 23, 2026. The company did not repurchase any shares under its share repurchase programs during the week.
It also made no bitcoin purchases during the period. As of July 12, 2026, Strategy's aggregate bitcoin holdings were 843,775 BTC, with an aggregate purchase price of $63.69 billionb and an average purchase price of $75,476 per bitcoin, both inclusive of fees and expenses.
The filing also states that the USD Reserve, which is intended to support preferred stock dividends and interest on outstanding indebtedness, stood at $3.0 billionc as of July 12, 2026, including expected cash proceeds from ATM shares sold but not yet settled. Under Item 7.01, the company states that its website dashboard at www.strategy.com is a disclosure channel for Regulation FD purposes, and that the information furnished under Item 7.01 is not deemed filed for Section 18 of the Exchange Act purposes.
02—Key points
Key Highlights
- ATM issuance: 4,818,781 MSTR Class A Common Stock shares sold during July 6-12, 2026, generating $466.7 million in net proceeds, with no preferred stock sales (STRF, STRC, STRK, STRD) during the period.
- Remaining ATM capacity as of July 12, 2026: $23,790.3 million for MSTR Stock, $17,510.8 million for STRC, $4,014.8 million for STRD, $2,100.0 million for STRK, and $1,619.3 million for STRF.
- No share repurchases: Strategy did not purchase any shares under its share repurchase programs during the week.
- No bitcoin acquired during the week; aggregate holdings stood at 843,775 BTC as of July 12, 2026.
- Bitcoin cost basis: aggregate purchase price of $63.69 billion and average purchase price of $75,476 per bitcoin, inclusive of fees and expenses.
- USD Reserve balance of $3.0 billion as of July 12, 2026, intended to support preferred dividends and interest on indebtedness, including expected proceeds from unsettled ATM sales.
- The filing references a $21.0 billion MSTR Increase offering announced March 23, 2026, whose sales may begin once capacity under the existing offering is substantially depleted.
03—Questions
Frequently Asked Questions
How much capital did Strategy raise through its ATM program during the week?
Strategy sold 4,818,781 shares of MSTR Class A Common Stock during July 6-12, 2026, with net proceeds of $466.7 million, net of sales commission. No preferred stock was sold under the program during the period.
Did Strategy buy more bitcoin during this period?
No. The filing states that no bitcoin purchases were made during the week of July 6-12, 2026. Aggregate holdings were 843,775 BTC as of July 12, 2026.
What is the USD Reserve and how large is it?
The USD Reserve is a US dollar reserve Strategy maintains to support payment of dividends on its preferred stock and interest on its outstanding indebtedness. As of July 12, 2026, it had a balance of $3.0 billion, including expected cash proceeds from ATM shares sold but not yet settled.
How much capacity remains under the ATM programs?
As of July 12, 2026, the filing lists $23,790.3 million available for MSTR Stock (combined with the MSTR Increase capacity), $17,510.8 million for STRC, $4,014.8 million for STRD, $2,100.0 million for STRK, and $1,619.3 million for STRF.
Did Strategy repurchase any of its own shares this week?
No. The company stated that during July 6-12, 2026, it did not purchase any shares under its share repurchase programs.
04—Continue