01—Abstract
Summary
Summary of the 8-K filed October 19, 2026. Cited figures are marked; the original filing is the authoritative source.
Strategy Inc (MSTR) filed an 8-K on October 19, 2026 reporting activity for the period October 12 to October 18, 2026 under three items.
Under Item 8.01, the company sold 140,872 shares of MSTR Class A Common Stock through its at-the-market program, with net proceeds of $22.0 milliona, which were used to fund bitcoin purchases. No preferred stock (STRF, STRC, STRK, STRD) was sold under the ATM during the period. As of October 18, 2026, aggregate ATM capacity remaining was $18,785.6 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.
On the bitcoin side, the company purchased 267 BTC for an aggregate purchase price of $22.1 millionb, at an average price of $82,900 per bitcoin (inclusive of fees and expenses), funded by $22.0 million of MSTR stock proceeds and $0.1 million of USD Cash. Aggregate BTC holdings reached 848,517 as of October 18, 2026, with an aggregate purchase price of $64.02 billion and an average purchase price of $75,446. The board also raised the digital credit securities repurchase program authorization from $2.0 billion to $3.0 billion; $1.16 billion remained available as of October 18, 2026.
During the period, the company repurchased 1,938,780 shares of STRC Stock for $193.1 millionc using USD Cash, and $1.0 billion of MSTR stock repurchase authority remained available. Capital reserves are also disclosed.
The USD Reserve, which supports preferred dividends and interest on indebtedness, was used for $45.5 milliond of dividend payments during the period and stood at $4.83 billion as of October 18, 2026, while USD Cash stood at $447.3 million. Under Item 7.01, the company notes its website dashboard (www.strategy.com) as a Regulation FD disclosure channel, and the furnished information is not deemed filed under the Exchange Act.
02—Key points
Key Highlights
- Bitcoin holdings rose to 848,517 BTC as of October 18, 2026, after 267 BTC were purchased during the week for $22.1 million.
- Average purchase price of the aggregate holdings is $75,446 per bitcoin, with an aggregate purchase price of $64.02 billion (inclusive of fees and expenses).
- Only MSTR Class A Common Stock was sold under the ATM this week, 140,872 shares with $22.0 million in net proceeds, all used to buy bitcoin.
- Strategy repurchased 1,938,780 STRC shares for $193.1 million using USD Cash, with $1.16 billion remaining under the digital credit securities repurchase program.
- The board increased the digital credit securities repurchase program authorization from $2.0 billion to $3.0 billion.
- USD Reserve stood at $4.83 billion and USD Cash at $447.3 million as of October 18, 2026, after $45.5 million of USD Reserve was used for preferred dividends during the week.
03—Questions
Frequently Asked Questions
How much bitcoin did Strategy buy and at what price?
Strategy purchased 267 bitcoin during October 12 to October 18, 2026, for an aggregate purchase price of $22.1 million, or an average of $82,900 per bitcoin, inclusive of fees and expenses.
How were the bitcoin purchases funded?
The purchases were funded with $22.0 million in net proceeds from sales of MSTR Class A Common Stock under the at-the-market program and $0.1 million of USD Cash.
Did Strategy sell any preferred stock through its at-the-market program this week?
No. The filing shows no shares sold for STRF, STRC, STRK, or STRD during the period, while MSTR Class A Common Stock sales totaled 140,872 shares.
What changed in the repurchase programs?
The board approved increasing the digital credit securities repurchase program from $2.0 billion to $3.0 billion. As of October 18, 2026, $1.16 billion remained available, and $1.0 billion of MSTR Class A Common Stock repurchase authority remained available.
How are the USD Reserve and USD Cash being used?
The USD Reserve supports preferred dividends and interest on indebtedness, and $45.5 million was used for dividends during the period. USD Cash, which is maintained for broader purposes including bitcoin acquisitions, funded $193.1 million of STRC repurchases and $0.1 million of bitcoin purchases. Balances as of October 18, 2026 were $4.83 billion for the USD Reserve and $447.3 million for USD Cash.
04—Continue