01—Abstract
Summary
Summary of the 8-K filed August 10, 2026. Cited figures are marked; the original filing is the authoritative source.
Strategy Inc filed a Form 8-K on August 10, 2026 with weekly updates covering the period August 3 to August 9, 2026.
The company sold 6,585,682 shares of its MSTR Class A common stock under its at-the-market program, for net proceeds of $653.1 milliona. Of that, $650.0 million was used to increase the USD Reserve, and $3.1 million was added to the company's cash balance. No preferred stock (STRF, STRC, STRK or STRD) was sold during the period.
On the bitcoin side, Strategy sold 1,690 bitcoin for an aggregate sale price of $108.6 millionb, with an average sale price of $64,262. The company stated that the proceeds funded repurchases of STRC stock under its Digital Credit Securities Repurchase Program. During the same period, it repurchased 1,152,020 shares of STRC stock for an aggregate purchase price of $108.6 million.
As of August 9, 2026, Strategy held 840,447 bitcoin with an aggregate purchase price of $63.36 billionc, an average purchase price of $75,385 per bitcoin. As of August 9, 2026, the USD Reserve, which the company maintains to support preferred dividends and interest on its indebtedness, stood at $4.65 billion, including expected proceeds from ATM sales that had not yet settled.
Remaining capacity was $785.2 milliond under the preferred stock repurchase program and $1.0 billion under the MSTR common stock repurchase program. Remaining ATM issuance capacity was $22,036.8 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.
02—Key points
Key Highlights
- MSTR common stock: 6,585,682 shares sold during August 3 to August 9, 2026, with net proceeds of $653.1 million
- Use of MSTR proceeds: $650.0 million added to the USD Reserve and $3.1 million added to cash
- Bitcoin sales: 1,690 BTC sold for an aggregate $108.6 million, funding STRC repurchases
- Bitcoin holdings: 840,447 BTC as of August 9, 2026, with an aggregate purchase price of $63.36 billion and an average purchase price of $75,385
- STRC repurchases: 1,152,020 shares bought back for $108.6 million during the period
- USD Reserve: $4.65 billion as of August 9, 2026, including unsettled ATM proceeds
- Remaining capacity: $785.2 million under the preferred repurchase program, $1.0 billion under the MSTR common repurchase program, and $22,036.8 million in MSTR ATM capacity (including the pending $21.0 billion MSTR Increase)
03—Questions
Frequently Asked Questions
How much capital did Strategy raise through its at-the-market program this week?
Strategy sold 6,585,682 shares of MSTR Class A common stock during August 3 to August 9, 2026, for net proceeds of $653.1 million. No preferred stock was sold during the period.
Where did the MSTR sale proceeds go?
The filing states that $650.0 million of the net proceeds was used to increase the USD Reserve, and $3.1 million was added to Strategy's cash balance.
Why did Strategy sell bitcoin, and how much did it sell?
Strategy sold 1,690 bitcoin for an aggregate sale price of $108.6 million, net of fees and expenses. The filing states that the proceeds were used to fund repurchases of STRC stock under the Digital Credit Securities Repurchase Program.
What is the USD Reserve and how large is it?
The USD Reserve is a US dollar reserve that Strategy maintains to support dividend payments on its preferred stock and interest on its outstanding indebtedness. As of August 9, 2026, it totaled $4.65 billion, including expected cash proceeds from ATM shares sold but not yet settled.
How much buyback capacity remains under Strategy's repurchase programs?
As of August 9, 2026, the filing states that $785.2 million remains available under the Digital Credit Securities Repurchase Program for preferred stock and $1.0 billion remains available under the MSTR Stock repurchase program for Class A common stock.
04—Continue