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FILINGStrategy (MSTR) · 8-K · accepted Monday, Oct 6, 2025, 7:59 AM ET

Strategy 8-K reports no ATM sales or bitcoin purchases for Sept 29

From Strategy’s 8-K, accepted by the SEC on Oct 6, 2025 at 7:59 AM ET.

What it says

Strategy 8-K reports no ATM sales or bitcoin purchases for Sept 29, Oct 5, 2025, plus Q3 2025 capital markets, bitcoin holdings (640,031 BTC), debt, preferred and dividend updates, including the STRC rate increase to 10.25%.

The numbers

ATM capacity left$15.91Bas of Oct 5
ATM capacity left · STRC$4.20Bas of Oct 5
ATM capacity left · STRD$4.15Bas of Oct 5
ATM capacity left · STRF$1.72Bas of Oct 5
ATM capacity left · STRK$20.37Bas of Oct 5
ATM shares sold0 sharesas of Oct 5
ATM shares sold · STRC0 sharesas of Oct 5
ATM shares sold · STRD0 sharesas of Oct 5
ATM shares sold · STRF0 sharesas of Oct 5
ATM shares sold · STRK0 sharesas of Oct 5
Average bitcoin cost$73,983as of Oct 5
Total bitcoin cost$47.35Bas of Oct 5
Bitcoin held640,031 BTCas of Oct 5
Annual obligations (issuer)$638.7Mas of Sep 30
Class A common shares267,468,426 sharesas of Sep 30
Class B common shares19,640,250 sharesas of Sep 30

What it changed

mNAV
1.63xOct 3 close
1.63xOct 6 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
199,985Oct 3 close
199,985Oct 6 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
122.6 yrsOct 3 close
125.1 yrsOct 6 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet)

Also that day

Strive 8-K reporting Ben Werkman's appointment as Chief Investment Officer8-K · 7:04 AM ETThe Peel: SATS’s first day: closed at $94.61 · Strive filed two 8-KsWednesday edition

Source

Form 8-K filed by Strategy Inc with the SEC, accepted Monday, Oct 6, 2025, 7:59 AM ET. Accession 0001193125-25-230977.
Read the filing on SEC EDGAR ↗
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.
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Orange Paper reads every Strategy and Strive filing as it lands and checks each figure before publishing. Figures from filings link to SEC EDGAR; our own calculations are labelled. Not investment advice.