FILINGStrategy (MSTR) · 8-K · accepted Tuesday, Jul 29, 2025, 4:04 PM ET
Strategy bought 21,021 BTC, bringing its total to 628,791 BTC
From Strategy’s 8-K, accepted by the SEC on Jul 29, 2025 at 4:04 PM ET, covering Jul 29 to Jul 29.
What it says
Strategy reports closing of its $2.521B STRC IPO (28,011,111 shares at $90), use of proceeds to buy 21,021 bitcoin, and holdings of about 628,791 BTC as of July 29, 2025.
The numbers
| Bitcoin bought | 21,021 BTC | Jul 29 to Jul 29 |
| Average price | $117,256 | per bitcoin |
| Bitcoin held after | 628,791 BTC | |
| Preferred shares outstanding · STRC | 28,011,111 shares | as of Jul 29 |
| Preferred stated amount · STRC | $100 | as of Jul 29 |
What it changed
Bitcoin held
607,770 BTCbefore
628,791 BTCafter this filing
From the filing
mNAV
1.88xJul 29 close
1.85xpro forma at Jul 29’s prices
1.88xJul 30 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
198,752Jul 29 close
198,752Jul 30 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
128.1 yrsJul 29 close
128.0 yrsJul 30 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 Tuesday, Jul 29, 2025, 4:04 PM ET. Accession 0001193125-25-167987.
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.