FILINGStrategy (MSTR) · 8-K · accepted Monday, Jun 30, 2025, 8:00 AM ET
Strategy bought 4,980 BTC, bringing its total to 597,325 BTC; raised $578.1M selling common and STRF and STRK
From Strategy’s 8-K, accepted by the SEC on Jun 30, 2025 at 8:00 AM ET, covering Jun 23 to Jun 29.
What it says
Strategy reports ATM sales (MSTR, STRK, STRF) and 4,980 BTC purchased June 23-29, 2025, bringing holdings to 597,325 BTC, plus confirmation of STRK/STRF dividends paid June 30, 2025.
The numbers
| Bitcoin bought | 4,980 BTC | Jun 23 to Jun 29 |
| Average price | $106,801 | per bitcoin |
| Cost | $531.9M | |
| Bitcoin held after | 597,325 BTC | |
| ATM capacity left | $18.11B | as of Jun 29 |
| ATM capacity left · STRF | $1.94B | as of Jun 29 |
| ATM capacity left · STRK | $20.52B | as of Jun 29 |
| ATM net proceeds | $519.5M | as of Jun 29 |
| ATM net proceeds · STRF | $29.7M | as of Jun 29 |
| ATM net proceeds · STRK | $28.9M | as of Jun 29 |
| ATM shares sold | 1,354,500 shares | as of Jun 29 |
| ATM shares sold · STRF | 284,225 shares | as of Jun 29 |
| ATM shares sold · STRK | 276,071 shares | as of Jun 29 |
| Average bitcoin cost | $70,982 | as of Jun 29 |
| Total bitcoin cost | $42.40B | as of Jun 29 |
What it changed
Bitcoin held
592,345 BTCbefore
597,325 BTCafter this filing
From the filing
mNAV
2.07xJun 27 close
2.06xpro forma at Jun 27’s prices
2.16xJun 30 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
189,707Jun 27 close
190,270Jun 30 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
204.2 yrsJun 27 close
202.7 yrsJun 30 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet). A year of dividends went from $310.9M to $315.9M: 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 30, 2025, 8:00 AM ET. Accession 0000950170-25-091211.
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.