FILINGStrategy (MSTR) · 8-K · accepted Tuesday, Sep 2, 2025, 9:00 AM ET
Strategy set STRC’s rate at 10.00%
From Strategy’s 8-K, accepted by the SEC on Sep 2, 2025 at 9:00 AM ET.
What it says
Strategy raised the STRC variable dividend rate from 9.00% to 10.00% effective September 1, 2025 and declared cash dividends on STRF, STRC, STRK and STRD payable September 30, 2025.
The numbers
| STRF dividend declared | $2.50 | record Sep 15, paid Sep 30 |
| STRC dividend declared | $0.8333 | record Sep 15, paid Sep 30 |
| STRK dividend declared | $2.00 | record Sep 15, paid Sep 30 |
| STRD dividend declared | $3.0556 | record Sep 15, paid Sep 30 |
| STRC dividend rate | 10.00% | from Sep 1 |
What it changed
mNAV
1.76xAug 29 close
1.74xSep 2 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
199,359Aug 29 close
199,856Sep 2 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
116.6 yrsAug 29 close
114.1 yrsSep 2 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet). A year of dividends went from $588.7M to $620.8M: 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 Tuesday, Sep 2, 2025, 9:00 AM ET. Accession 0001193125-25-193487.
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.