FILINGStrategy (MSTR) · 8-K · accepted Monday, Jun 2, 2025, 8:00 AM ET
Strategy bought 705 BTC, bringing its total to 580,955 BTC; raised $74.6M selling STRF and STRK
From Strategy’s 8-K, accepted by the SEC on Jun 2, 2025 at 8:00 AM ET, covering May 26 to Jun 1.
What it says
Strategy reports ATM activity for May 26, June 1, 2025 (STRK and STRF sales), a purchase of 705 BTC, holdings of 580,955 BTC, and declared STRK and STRF quarterly dividends.
The numbers
| Bitcoin bought | 705 BTC | May 26 to Jun 1 |
| Average price | $106,495 | per bitcoin |
| Cost | $75.1M | |
| Bitcoin held after | 580,955 BTC | |
| ATM capacity left | $18.63B | as of Jun 1 |
| ATM capacity left · STRF | $2.05B | as of Jun 1 |
| ATM capacity left · STRK | $20.68B | as of Jun 1 |
| ATM net proceeds · STRF | $38.4M | as of Jun 1 |
| ATM net proceeds · STRK | $36.2M | as of Jun 1 |
| ATM shares sold | 0 shares | as of Jun 1 |
| ATM shares sold · STRF | 374,968 shares | as of Jun 1 |
| ATM shares sold · STRK | 353,511 shares | as of Jun 1 |
| Average bitcoin cost | $70,023 | as of Jun 1 |
| Total bitcoin cost | $40.68B | as of Jun 1 |
What it changed
Bitcoin held
580,250 BTCbefore
580,955 BTCafter this filing
From the filing
mNAV
2.08xMay 30 close
2.07xpro forma at May 30’s prices
2.05xJun 2 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held. Pro forma: this filing’s bitcoin at the previous close’s prices
Sats per diluted share
185,834May 30 close
186,059Jun 2 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
358.2 yrsMay 30 close
351.4 yrsJun 2 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet). A year of dividends went from $168.7M to $175.2M: a new preferred counts once Strategy’s reported cash and bitcoin include the money it raised, and this filing is the first that does
Also that day
Source
Form 8-K filed by Strategy Inc with the SEC, accepted Monday, Jun 2, 2025, 8:00 AM ET. Accession 0000950170-25-080022.
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.