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FILINGStrategy (MSTR) · 8-K · accepted Wednesday, Jul 23, 2025, 8:47 AM ET

Strategy 8-K reports a purported class action filed July 21

From Strategy’s 8-K, accepted by the SEC on Jul 23, 2025 at 8:47 AM ET.

What it says

Strategy 8-K reports a purported class action filed July 21, 2025 in Delaware Chancery Court against the company and its board over the STRK Certificate of Amendment, alleging the common stockholders were entitled to a vote under DGCL Section 242.

What it changed

mNAV
2.01xJul 22 close
1.97xJul 23 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
192,108Jul 22 close
192,108Jul 23 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
223.2 yrsJul 22 close
220.9 yrsJul 23 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet)

Also that day

The Peel: SATS’s first day: closed at $94.61 · Strive filed two 8-KsWednesday edition

Source

Form 8-K filed by Strategy Inc with the SEC, accepted Wednesday, Jul 23, 2025, 8:47 AM ET. Accession 0001193125-25-163041.
Read the filing on SEC EDGAR ↗
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.
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Orange Paper reads every Strategy and Strive filing as it lands and checks each figure before publishing. Figures from filings link to SEC EDGAR; our own calculations are labelled. Not investment advice.