FILINGStrategy (MSTR) · 8-K · accepted Monday, Jul 14, 2025, 7:59 AM ET
Strategy bought 4,225 BTC, bringing its total to 601,550 BTC; raised $472.3M selling common and STRD and STRF and STRK
From Strategy’s 8-K, accepted by the SEC on Jul 14, 2025 at 7:59 AM ET, covering Jul 7 to Jul 13.
What it says
Strategy reports ATM sales (MSTR, STRK, STRF, STRD) and acquisition of 4,225 BTC for July 7-13, 2025, bringing holdings to 601,550 BTC.
The numbers
| Bitcoin bought | 4,225 BTC | Jul 7 to Jul 13 |
| Average price | $111,827 | per bitcoin |
| Cost | $472.5M | |
| Bitcoin held after | 601,550 BTC | |
| ATM capacity left | $17.78B | as of Jul 13 |
| ATM capacity left · STRD | $4.18B | as of Jul 13 |
| ATM capacity left · STRF | $1.88B | as of Jul 13 |
| ATM capacity left · STRK | $20.45B | as of Jul 13 |
| ATM net proceeds | $330.9M | as of Jul 13 |
| ATM net proceeds · STRD | $15.0M | as of Jul 13 |
| ATM net proceeds · STRF | $55.3M | as of Jul 13 |
| ATM net proceeds · STRK | $71.1M | as of Jul 13 |
| ATM shares sold | 797,008 shares | as of Jul 13 |
| ATM shares sold · STRD | 158,278 shares | as of Jul 13 |
| ATM shares sold · STRF | 444,005 shares | as of Jul 13 |
| ATM shares sold · STRK | 573,976 shares | as of Jul 13 |
| Average bitcoin cost | $71,268 | as of Jul 13 |
| Total bitcoin cost | $42.87B | as of Jul 13 |
What it changed
Bitcoin held
597,325 BTCbefore
601,550 BTCafter this filing
From the filing
mNAV
2.11xJul 11 close
2.10xpro forma at Jul 11’s prices
2.13xJul 14 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
190,270Jul 11 close
191,130Jul 14 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
222.3 yrsJul 11 close
220.9 yrsJul 14 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet). A year of dividends went from $315.9M to $326.5M: 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, Jul 14, 2025, 7:59 AM ET. Accession 0000950170-25-095461.
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.