FILINGStrategy (MSTR) · 8-K · accepted Monday, Jul 21, 2025, 8:00 AM ET
Strategy bought 6,220 BTC, bringing its total to 607,770 BTC; raised $740.3M selling common and STRD and STRF and STRK
From Strategy’s 8-K, accepted by the SEC on Jul 21, 2025 at 8:00 AM ET, covering Jul 14 to Jul 20.
What it says
Strategy reports ATM sales of MSTR, STRK, STRF and STRD and a purchase of 6,220 bitcoin for the week July 14, 20, 2025, bringing holdings to 607,770 BTC.
The numbers
| Bitcoin bought | 6,220 BTC | Jul 14 to Jul 20 |
| Average price | $118,940 | per bitcoin |
| Cost | $739.8M | |
| Bitcoin held after | 607,770 BTC | |
| ATM capacity left | $17.04B | as of Jul 20 |
| ATM capacity left · STRD | $4.18B | as of Jul 20 |
| ATM capacity left · STRF | $1.88B | as of Jul 20 |
| ATM capacity left · STRK | $20.45B | as of Jul 20 |
| ATM net proceeds | $736.4M | as of Jul 20 |
| ATM net proceeds · STRD | $3.0M | as of Jul 20 |
| ATM net proceeds · STRF | $200,000 | as of Jul 20 |
| ATM net proceeds · STRK | $700,000 | as of Jul 20 |
| ATM shares sold | 1,636,373 shares | as of Jul 20 |
| ATM shares sold · STRD | 31,282 shares | as of Jul 20 |
| ATM shares sold · STRF | 2,000 shares | as of Jul 20 |
| ATM shares sold · STRK | 5,441 shares | as of Jul 20 |
| Average bitcoin cost | $71,756 | as of Jul 20 |
| Total bitcoin cost | $43.61B | as of Jul 20 |
What it changed
Bitcoin held
601,550 BTCbefore
607,770 BTCafter this filing
From the filing
mNAV
2.04xJul 18 close
2.03xpro forma at Jul 18’s prices
2.05xJul 21 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
191,130Jul 18 close
192,108Jul 21 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
217.5 yrsJul 18 close
218.5 yrsJul 21 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, 8:00 AM ET. Accession 0000950170-25-097081.
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.