FILINGStrategy (MSTR) · 8-K · accepted Monday, Jul 7, 2025, 7:59 AM ET
Strategy declared STRK and STRF dividends paid Jun 30 to Jun 30, 2025
From Strategy’s 8-K, accepted by the SEC on Jul 7, 2025 at 7:59 AM ET.
What it says
Strategy 8-K reports no ATM sales or bitcoin purchases for June 30, July 6, 2025, and gives Q2 2025 financial updates: 597,325 BTC held at $42.40B aggregate cost, capital structure, debt and preferred stock details.
The numbers
| ATM capacity left | $18.11B | as of Jul 6 |
| ATM capacity left · STRF | $1.94B | as of Jul 6 |
| ATM capacity left · STRK | $20.52B | as of Jul 6 |
| ATM shares sold | 0 shares | as of Jul 6 |
| ATM shares sold · STRF | 0 shares | as of Jul 6 |
| ATM shares sold · STRK | 0 shares | as of Jul 6 |
| Total bitcoin cost | $42.40B | as of Jul 6 |
| Bitcoin held | 597,325 BTC | as of Jul 6 |
| STRK dividend declared | $2.00 | record Jun 15, paid Jun 30 |
| STRF dividend declared | $2.64 | record Jun 15, paid Jun 30 |
What it changed
mNAV
2.11xJul 3 close
2.10xJul 7 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
190,270Jul 3 close
190,270Jul 7 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
207.5 yrsJul 3 close
204.9 yrsJul 7 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet)
Also that day
Source
Form 8-K filed by Strategy Inc with the SEC, accepted Monday, Jul 7, 2025, 7:59 AM ET. Accession 0000950170-25-094137.
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.