{"url_path":"/sec/mstr/8-k/2026-07-20/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-20","source_url":"https://www.sec.gov/Archives/edgar/data/1050446/0001193125-26-308369-index.html","accession_number":"0001193125-26-308369","cik":"0001050446","ticker":"MSTR","issuer_name":"Strategy Inc","edgar_url":"https://www.sec.gov/Archives/edgar/data/1050446/0001193125-26-308369-index.html","primary_entity_key":"0001050446","primary_entity_name":"Strategy Inc"},"word_count":422,"has_tables":true,"body_markdown":"Item 8.01 Other Events.\n\n \n\nATM Update\n\nOn July 20, 2026, Strategy Inc (\"Strategy\") announced an update with respect to sales made under its at-the-market offering program (\"ATM\") of the following securities:\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nDuring Period July 13, 2026 to July 19, 2026\n\n \n\nAs of July 19, 2026\n\n \n\nSecurity\n\n \n\nShares Sold(1)\n\n \n\nNotional Value (in millions) (2)\n\n \n\nNet Proceeds (in millions) (3)\n\n \n\nAvailable for Issuance and Sale (in millions)(4)\n\n \n\nSTRF Stock\n\n \n\n \n\n-\n\n \n\n$\n\n-\n\n \n\n$\n\n-\n\n \n\n$\n\n1,619.3\n\n \n\n10.00% Series A Perpetual Strife Preferred Stock\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nSTRC Stock\n\n \n\n \n\n-\n\n \n\n$\n\n-\n\n \n\n$\n\n-\n\n \n\n$\n\n17,510.8\n\n \n\nVariable Rate Series A Perpetual Stretch Preferred Stock\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nSTRK Stock\n\n \n\n \n\n-\n\n \n\n$\n\n-\n\n \n\n$\n\n-\n\n \n\n$\n\n2,100.0\n\n \n\n8.00% Series A Perpetual Strike Preferred Stock\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nSTRD Stock\n\n \n\n \n\n-\n\n \n\n$\n\n-\n\n \n\n$\n\n-\n\n \n\n$\n\n4,014.8\n\n \n\n10.00% Series A Perpetual Stride Preferred Stock\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nMSTR Stock\n\n \n\n \n\n2,732,318\n\n \n\n$\n\n-\n\n \n\n$\n\n263.5\n\n \n\n$\n\n23,526.5\n\n \n\nClass A Common Stock\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nTotal\n\n \n\n \n\n \n\n \n\n \n\n$\n\n263.5\n\n \n\n \n\n \n\n \n\n(1) Includes shares sold but not yet settled as of July 17, 2026.\n\n(2) The total face value of the shares of preferred stock sold, which is used to calculate dividends thereon.\n\n(3) Net proceeds are presented net of sales commission.\n\n(4) As previously disclosed, on March 23, 2026, Strategy announced a new $21.0 billion offering of MSTR Stock (the “MSTR Increase”). The MSTR Stock amount available for issuance reflects the aggregate remaining capacity of both the current offering and the MSTR Increase. Sales under the MSTR Increase may begin once capacity under the existing offering is substantially depleted.\n\n \n\n \n\nRepurchase Program Updates\n\n \n\nOn July 20, 2026, Strategy announced that, during the period between July 13, 2026 and July 19, 2026, Strategy did not purchase any shares under its share repurchase programs.\n\n \n\nBTC Update\n\nOn July 20, 2026, Strategy announced updates with respect to its bitcoin holdings:\n\nDuring Period July 13, 2026 to July 19, 2026\n\n \n\nAs of July 19, 2026\n\nBTC Acquired (1)\n\nAggregate Purchase Price (in millions) (2)\n\nAverage Purchase Price (2)\n\n \n\nAggregate BTC Holdings\n\nAggregate Purchase Price (in billions) (2)\n\nAverage Purchase Price (2)\n\n-\n\n$-\n\n$-\n\n \n\n843,775\n\n$63.69\n\n$75,476\n\n \n\n \n\n \n\n \n\n \n\n \n\n(1) No bitcoin purchases were made this week.\n\n(2) Aggregate and average purchase prices are inclusive of fees and expenses.\n\n \n\n \n\n \n\nUSD Reserve Update\n\n \n\nStrategy maintains a US dollar reserve (the \"USD Reserve\") intended to support the payment of dividends on Strategy’s preferred stock and interest on its outstanding indebtedness.\n\n \n\nAs of July 19, 2026, the balance of the USD Reserve is $3.225 billion. This amount includes expected cash proceeds from shares sold under Strategy’s ATM that had not yet settled as of such date."}