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FILINGStrategy (MSTR) · 10-Q · accepted Wednesday, May 6, 2026, 4:06 PM ET

Strategy 's 10-Q for Q1 2026 reports 89,599 BTC bought in the quarter (762,099 BTC held at March 31

From Strategy’s 10-Q, accepted by the SEC on May 6, 2026 at 4:06 PM ET.

What it says

Strategy's 10-Q for Q1 2026 reports 89,599 BTC bought in the quarter (762,099 BTC held at March 31, 2026), ATM sales of STRC, STRK and MSTR, balance sheet figures, preferred series details and BTC KPIs.

The numbers

Average bitcoin cost$74,997as of Dec 31
Bitcoin held818,334 BTCas of Apr 26
Debt principal$8.25Bas of Mar 31
BTC Yield YTD (issuer)3.20%as of Mar 31
Sats per share (issuer)201,170as of Mar 31
Preferred shares outstanding · STRC50,246,513 sharesas of Mar 31
Preferred shares outstanding · STRD14,024,221 sharesas of Mar 31
Preferred shares outstanding · STRE7,750,000 sharesas of Mar 31
Preferred shares outstanding · STRF12,839,689 sharesas of Mar 31
Preferred shares outstanding · STRK14,020,744 sharesas of Mar 31
Preferred stated amount · STRC$5.02Bas of Mar 31
Preferred stated amount · STRD$1.40Bas of Mar 31
Preferred stated amount · STRE$891.6Mas of Mar 31
Preferred stated amount · STRF$1.28Bas of Mar 31
Preferred stated amount · STRK$1.40Bas of Mar 31
Class A common shares330,807,622 sharesas of Apr 26
Class B common shares19,640,250 sharesas of Apr 26
Common shares, assumed diluted378,834,000 sharesas of Mar 31

What it changed

mNAV
1.37xMay 6 close
1.35xMay 7 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
213,366May 6 close
213,366May 7 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
48.3 yrsMay 6 close
47.4 yrsMay 7 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet)

Also that day

The Peel: SATS’s first day: closed at $94.61 · Strive filed two 8-KsWednesday edition

Source

Form 10-Q filed by Strategy Inc with the SEC, accepted Wednesday, May 6, 2026, 4:06 PM ET. Accession 0001050446-26-000031.
Read the filing on SEC EDGAR ↗
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.
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Orange Paper reads every Strategy and Strive filing as it lands and checks each figure before publishing. Figures from filings link to SEC EDGAR; our own calculations are labelled. Not investment advice.