FILINGStrategy (MSTR) · 8-K · accepted Monday, Jul 21, 2025, 4:33 PM ET
Strategy a proposed initial public offering of 5,000,000 shares of STRC with an initial 9.00% monthly
From Strategy’s 8-K, accepted by the SEC on Jul 21, 2025 at 4:33 PM ET.
What it says
Strategy announced a proposed initial public offering of 5,000,000 shares of its STRC with an initial 9.00% monthly dividend rate; no bitcoin purchases or other figures reported.
What it changed
mNAV
2.05xJul 21 close
2.01xJul 22 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
192,108Jul 21 close
192,108Jul 22 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
218.5 yrsJul 21 close
223.2 yrsJul 22 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 21, 2025, 4:33 PM ET. Accession 0001193125-25-161916.
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.