01—Abstract
Summary
Summary of the 8-K filed October 26, 2026. Cited figures are marked; the original filing is the authoritative source.
Strategy reported in an 8-K filed October 26, 2026 that during the period from October 19 to October 25, 2026, it sold no shares under its at-the-market offering program and neither purchased nor sold any bitcoin.
As of October 25, 2026, Strategy held approximately 848,517 bitcoin, acquired at an aggregate purchase price of $64.02 billiona and an average purchase price of approximately $75,446 per bitcoin, inclusive of fees and expenses. The main capital activity in the period was preferred stock repurchases. Strategy repurchased 2,068,459 shares of its STRC preferred stock for an aggregate $204.9 million, funded from USD Cash.
No STRF, STRK, STRD, or MSTR Class A common stock was repurchased. Remaining capacity was $956.8 millionb under the digital credit securities repurchase program and $1.0 billion under the MSTR Stock repurchase program.
As of October 25, 2026, the USD Reserve, which the filing says is intended to support preferred dividends and interest on indebtedness, stood at $4.83 billionc, and USD Cash, which management may deploy for general Bitcoin Treasury Company purposes, stood at $242.4 million. The information under Item 7.01 is furnished rather than filed, and Strategy points investors to its website dashboard (www.strategy.com) for market prices, bitcoin holdings, and key metrics.
02—Key points
Key Highlights
- Strategy held approximately 848,517 bitcoin as of October 25, 2026, acquired at an aggregate purchase price of $64.02 billion (average approximately $75,446 per bitcoin).
- No bitcoin was purchased or sold, and no shares were sold under the at-the-market program, during October 19–25, 2026.
- Strategy repurchased 2,068,459 STRC preferred shares for an aggregate $204.9 million, funded from USD Cash.
- No STRF, STRK, STRD, or MSTR Class A common stock was repurchased during the period.
- Remaining repurchase capacity: $956.8 million for preferred stock under the digital credit securities program and $1.0 billion for MSTR Stock.
- USD Reserve stood at $4.83 billion and USD Cash at $242.4 million as of October 25, 2026.
- The Item 7.01 disclosure is furnished, not filed, and the company directs investors to its dashboard at www.strategy.com for ongoing metrics.
03—Questions
Frequently Asked Questions
Did Strategy buy more bitcoin during the week of October 19–25, 2026?
No. The filing states that Strategy did not purchase or sell any bitcoin during the period from October 19, 2026 to October 25, 2026. Its holdings as of October 25, 2026 were approximately 848,517 bitcoin.
What was the main use of cash during the period?
Strategy used $204.9 million of USD Cash to repurchase 2,068,459 shares of STRC preferred stock. No other securities were repurchased during the period.
What is the difference between the USD Reserve and USD Cash?
According to the filing, the USD Reserve is intended to support dividend payments on preferred stock and interest on outstanding indebtedness. USD Cash is held for broader general purposes, which may include acquiring bitcoin, expanding the USD Reserve, and other capital management uses. As of October 25, 2026, the USD Reserve was $4.83 billion and USD Cash was $242.4 million.
How much capacity remains under Strategy's repurchase programs?
The filing states that $956.8 million of aggregate purchase price remains available for preferred stock under the digital credit securities repurchase program, and $1.0 billion remains available for MSTR Stock under the MSTR Stock repurchase program.
04—Continue