FILINGStrategy (MSTR) · 10-Q · accepted Monday, Aug 4, 2025, 5:58 PM ET
Strategy set STRC’s rate at 9.00%
From Strategy’s 10-Q, accepted by the SEC on Aug 4, 2025 at 5:58 PM ET.
What it says
Strategy's 10-Q for the quarter ended June 30, 2025 reports 597,325 bitcoin held at quarter end. It also reports 628,791 bitcoin held at July 31, July ATM sales, and the July 29 STRC IPO with its first monthly dividend.
The numbers
| Average bitcoin cost | $73,277 | as of Jul 31 |
| Total bitcoin cost | $46.08B | as of Jul 31 |
| Bitcoin held | 628,791 BTC | as of Jul 31, was 597,325 BTC Jun 30 |
| Debt principal | $8.24B | as of Jun 30 |
| Class A common shares | 263,912,697 shares | as of Jul 31 |
| Class B common shares | 19,640,250 shares | as of Jul 31 |
| Common shares, assumed diluted | 313,935,975 shares | as of Jun 30 |
| STRC dividend rate | 9.00% | from Jul 29 |
What it changed
mNAV
1.90xAug 4 close
1.86xAug 5 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
198,752Aug 4 close
198,752Aug 5 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
125.0 yrsAug 4 close
124.0 yrsAug 5 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet)
Also that day
Source
Form 10-Q filed by Strategy Inc with the SEC, accepted Monday, Aug 4, 2025, 5:58 PM ET. Accession 0000950170-25-102209.
Summary and figures read from the filing by Orange Paper’s filing reader and checked before publishing. Calculations (pro forma and close figures) are ours.