FILINGStrategy (MSTR) · 8-K · accepted Monday, Jul 28, 2025, 7:59 AM ET
Strategy 's weekly 8-K for July 21, 27, 2025 reports no bitcoin purchases and no ATM sales
From Strategy’s 8-K, accepted by the SEC on Jul 28, 2025 at 7:59 AM ET.
What it says
Strategy's weekly 8-K for July 21, 27, 2025 reports no bitcoin purchases and no ATM sales, with 607,770 BTC held as of July 27, 2025 and the remaining ATM capacity for each program.
The numbers
| ATM capacity left | $17.04B | as of Jul 27 |
| ATM capacity left · STRD | $4.18B | as of Jul 27 |
| ATM capacity left · STRF | $1.88B | as of Jul 27 |
| ATM capacity left · STRK | $20.45B | as of Jul 27 |
| ATM shares sold | 0 shares | as of Jul 27 |
| ATM shares sold · STRD | 0 shares | as of Jul 27 |
| ATM shares sold · STRF | 0 shares | as of Jul 27 |
| ATM shares sold · STRK | 0 shares | as of Jul 27 |
| Average bitcoin cost | $71,756 | as of Jul 27 |
| Total bitcoin cost | $43.61B | as of Jul 27 |
| Bitcoin held | 607,770 BTC | as of Jul 27 |
What it changed
mNAV
1.96xJul 25 close
1.95xJul 28 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
192,108Jul 25 close
192,108Jul 28 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
218.8 yrsJul 25 close
219.4 yrsJul 28 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 28, 2025, 7:59 AM ET. Accession 0000950170-25-098938.
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.