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Strategy 8-K Report, Regulation FD Disclosure (Nov 2, 2026)

Reports
Regulation FD·Other Events
Filing Date
Filed November 2, 2026
Period End
November 2, 2026
In the record · 2016–202610-K1110-Q338-K265

MSTR filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 265 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Nov ’21Nov ’21
  2. Leadership change8-K · Dec ’25Dec ’25

01—Abstract

Summary

Summary of the 8-K filed November 2, 2026. Cited figures are marked; the original filing is the authoritative source.

In its 8-K filed November 2, 2026, Strategy Inc (MSTR) reported activity for the period October 26 to November 1, 2026.

Under its at-the-market program, it sold 1,178,552 shares of MSTR Class A Common Stock for net proceeds of $164.0 milliona, with $65.5 million used to fund bitcoin purchases and $98.5 million allocated to USD Cash. No preferred stock was sold under the program in the period. As of November 1, 2026, $18,621.4 million of MSTR Stock, $17,510.8 million of STRC Stock, $4,014.8 million of STRD Stock, $2,100.0 million of STRK Stock and $1,619.3 million of STRF Stock remained available for issuance and sale.

Strategy bought 811 bitcoin for an aggregate purchase price of $65.5 millionb, at an average purchase price of $80,846 including fees and expenses. Its aggregate holdings reached 849,327 bitcoin, with an aggregate purchase price of $64.08 billion and an average purchase price of $75,451. On the capital management side, Strategy repurchased 2,092,035 shares of STRC Stock for $208.2 million, funded from USD Cash.

It used $43.4 millionc of the USD Reserve to pay preferred stock dividends. As of November 1, 2026, the USD Reserve stood at $4.79 billion and USD Cash at $132.7 million. The filing states that $748.6 million of preferred stock remains available under the digital credit securities repurchase program and $1.0 billion of MSTR Stock remains available under the MSTR Stock repurchase program.

02—Key points

Key Highlights

  1. MSTR Class A Common Stock sales under the ATM: 1,178,552 shares sold for $164.0 million in net proceeds, with $65.5 million used for bitcoin purchases and $98.5 million allocated to USD Cash.
  2. Bitcoin holdings rose to 849,327 BTC after 811 BTC were bought for $65.5 million, at an average purchase price of $80,846 including fees.
  3. Aggregate bitcoin purchase price of holdings is $64.08 billion, with an average purchase price of $75,451.
  4. STRC Stock repurchases totaled 2,092,035 shares for $208.2 million, funded from USD Cash.
  5. USD Reserve, which supports preferred dividends and debt interest, was $4.79 billion as of November 1, 2026, after $43.4 million was used for preferred dividends in the period; USD Cash was $132.7 million.
  6. Remaining capacity: $748.6 million under the preferred stock repurchase program and $1.0 billion under the MSTR Stock repurchase program.
  7. The Item 7.01 disclosure on the strategy.com dashboard is furnished rather than filed, so it is not subject to Section 18 liabilities.

03—Questions

Frequently Asked Questions

  1. How did Strategy fund its bitcoin purchases during the period?

    The filing states that the 811 bitcoin purchased from October 26 to November 1, 2026 were made using $65.5 million in net proceeds from MSTR Stock sales. The aggregate purchase price includes fees and expenses.

  2. What is the USD Reserve and how was it used?

    The USD Reserve is a U.S. dollar reserve intended to support payment of dividends on Strategy's preferred stock and interest on its indebtedness. During the period, $43.4 million of it was used to pay preferred stock dividends, leaving a balance of $4.79 billion as of November 1, 2026.

  3. What is USD Cash and how was it used in the period?

    USD Cash is a balance management maintains for broader general Bitcoin Treasury Company purposes, which may include acquiring bitcoin, expanding the USD Reserve and other capital management uses. During the period, $208.2 million of USD Cash funded STRC Stock repurchases, and the balance was $132.7 million as of November 1, 2026.

  4. How much capacity remains under the company's issuance and repurchase programs?

    As of November 1, 2026, the filing lists $18,621.4 million available for MSTR Stock, $17,510.8 million for STRC Stock, $4,014.8 million for STRD Stock, $2,100.0 million for STRK Stock and $1,619.3 million for STRF Stock under the at-the-market program. The filing also states that $748.6 million of preferred stock remains available under the digital credit securities repurchase program and $1.0 billion of MSTR Stock remains available under the MSTR Stock repurchase program.

04—Continue

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