FILINGStrategy (MSTR) · 8-K · accepted Monday, Aug 11, 2025, 7:59 AM ET
Strategy bought 155 BTC, bringing its total to 628,946 BTC; raised $13.6M selling STRF
From Strategy’s 8-K, accepted by the SEC on Aug 11, 2025 at 7:59 AM ET, covering Aug 4 to Aug 10.
What it says
Strategy reports STRF ATM sales and a 155 BTC purchase for Aug 4-10, 2025, bringing holdings to 628,946 BTC.
The numbers
| Bitcoin bought | 155 BTC | Aug 4 to Aug 10 |
| Average price | $116,401 | per bitcoin |
| Cost | $18.0M | |
| Bitcoin held after | 628,946 BTC | |
| ATM capacity left | $17.04B | as of Aug 10 |
| ATM capacity left · STRC | $4.20B | as of Aug 10 |
| ATM capacity left · STRD | $4.18B | as of Aug 10 |
| ATM capacity left · STRF | $1.87B | as of Aug 10 |
| ATM capacity left · STRK | $20.45B | as of Aug 10 |
| ATM net proceeds | $0 | as of Aug 10 |
| ATM net proceeds · STRC | $0 | as of Aug 10 |
| ATM net proceeds · STRD | $0 | as of Aug 10 |
| ATM net proceeds · STRF | $13.6M | as of Aug 10 |
| ATM net proceeds · STRK | $0 | as of Aug 10 |
| ATM shares sold | 0 shares | as of Aug 10 |
| ATM shares sold · STRC | 0 shares | as of Aug 10 |
| ATM shares sold · STRD | 0 shares | as of Aug 10 |
| ATM shares sold · STRF | 115,169 shares | as of Aug 10 |
| ATM shares sold · STRK | 0 shares | as of Aug 10 |
| Average bitcoin cost | $73,288 | as of Aug 10 |
| Total bitcoin cost | $46.10B | as of Aug 10 |
What it changed
Bitcoin held
628,791 BTCbefore
628,946 BTCafter this filing
From the filing
mNAV
1.90xAug 8 close
1.90xpro forma at Aug 8’s prices
1.89xAug 11 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
198,752Aug 8 close
198,801Aug 11 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
126.8 yrsAug 8 close
128.8 yrsAug 11 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet). A year of dividends went from $579.0M to $580.2M: a new preferred counts once Strategy’s reported cash and bitcoin include the money it raised, and this filing is the first that does
Also that day
Source
Form 8-K filed by Strategy Inc with the SEC, accepted Monday, Aug 11, 2025, 7:59 AM ET. Accession 0000950170-25-106241.
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.