FILINGStrategy (MSTR) · 8-K · accepted Tuesday, Sep 30, 2025, 4:11 PM ET
Strategy raised the STRC variable dividend rate from 10.00% to 10.25% effective October 1
From Strategy’s 8-K, accepted by the SEC on Sep 30, 2025 at 4:11 PM ET.
What it says
Strategy raised the STRC variable dividend rate from 10.00% to 10.25% effective October 1, 2025 and declared a monthly STRC cash dividend of $0.854166667 per share for October 2025.
What it changed
mNAV
1.62xSep 30 close
1.62xOct 1 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
199,985Sep 30 close
199,985Oct 1 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
115.7 yrsSep 30 close
119.0 yrsOct 1 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet). A year of dividends went from $631.7M to $638.7M: 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 30, 2025, 4:11 PM ET. Accession 0001193125-25-225038.
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.