01—Abstract
Summary
Summary of the 8-K filed July 20, 2026. Cited figures are marked; the original filing is the authoritative source.
On July 20, 2026, Strategy Inc filed an 8-K disclosing weekly updates for the period July 13 to July 19, 2026, covering its at-the-market (ATM) offering program, share repurchases, bitcoin holdings, and its USD Reserve.
Under the ATM, no preferred stock (STRF, STRC, STRK, STRD) was sold during the period. MSTR Class A common stock sales totaled 2,732,318 shares, with net proceeds of $263.5 milliona. As of July 19, 2026, remaining capacity was $23,526.5 million for MSTR common stock, $1,619.3 million for STRF, $17,510.8 million for STRC, $2,100.0 million for STRK, and $4,014.8 million for STRD.
The filing notes that sales under the separately announced $21.0 billionb MSTR Increase may begin once capacity under the existing offering is substantially depleted. Strategy made no share repurchases during the period. It also made no bitcoin purchases during the week.
As of July 19, 2026, aggregate bitcoin holdings were 843,775 BTC, with an aggregate purchase price of $63.69 billionc and an average purchase price of $75,476 per bitcoin, both inclusive of fees and expenses. The USD Reserve, which is intended to support preferred stock dividends and interest on outstanding indebtedness, stood at $3.225 billion as of July 19, 2026.
That balance includes expected cash proceeds from ATM sales that had not yet settled. The filing also references the company's website dashboard (strategy.com) as a Regulation FD disclosure channel, and the Item 7.01 information is furnished rather than filed.
02—Key points
Key Highlights
- ATM activity: 2,732,318 MSTR Class A common shares sold during July 13–19, 2026, with net proceeds of $263.5 million; no preferred stock sold under the ATM.
- Remaining ATM capacity as of July 19, 2026: $23,526.5 million (MSTR), $17,510.8 million (STRC), $4,014.8 million (STRD), $2,100.0 million (STRK), and $1,619.3 million (STRF), all in millions as stated.
- MSTR Increase: a previously announced $21.0 billion offering of MSTR common stock (announced March 23, 2026); sales may begin once capacity under the existing offering is substantially depleted.
- No share repurchases were made under the company's share repurchase programs during the period.
- No bitcoin purchases were made during the week; aggregate holdings were 843,775 BTC as of July 19, 2026.
- Aggregate bitcoin purchase price of $63.69 billion and average purchase price of $75,476 per bitcoin, inclusive of fees and expenses.
- USD Reserve balance of $3.225 billion as of July 19, 2026, including expected proceeds from unsettled ATM sales.
03—Questions
Frequently Asked Questions
How much capital did Strategy raise through its ATM program in the week of July 13–19, 2026?
Strategy sold 2,732,318 shares of MSTR Class A common stock for net proceeds of $263.5 million, net of sales commissions. No preferred stock was sold under the ATM during the period. The shares sold include those sold but not yet settled as of July 17, 2026.
How much capacity remains under Strategy's ATM programs?
As of July 19, 2026, the filing lists remaining capacity of $23,526.5 million for MSTR common 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. The MSTR figure reflects the combined remaining capacity of the current offering and the $21.0 billion MSTR Increase.
Did Strategy buy back shares or bitcoin during this period?
No. Strategy did not purchase any shares under its share repurchase programs, and no bitcoin purchases were made during the week of July 13–19, 2026.
What is the USD Reserve and what is its current balance?
The USD Reserve is a US dollar reserve that Strategy maintains to support payment of dividends on its preferred stock and interest on its outstanding indebtedness. As of July 19, 2026, its balance was $3.225 billion, which includes expected cash proceeds from ATM sales not yet settled as of that date.
What are Strategy's aggregate bitcoin holdings and cost basis?
As of July 19, 2026, Strategy held 843,775 BTC with an aggregate purchase price of $63.69 billion and an average purchase price of $75,476 per bitcoin. Both figures are inclusive of fees and expenses.
04—Continue