FILINGStrategy (MSTR) · 8-K · accepted Tuesday, Oct 14, 2025, 7:59 AM ET
Strategy bought 220 BTC, bringing its total to 640,250 BTC; raised $27.3M selling STRD and STRF and STRK
From Strategy’s 8-K, accepted by the SEC on Oct 14, 2025 at 7:59 AM ET, covering Oct 6 to Oct 12.
What it says
Strategy reports ATM activity (STRF, STRK, STRD) for Oct 6-12, 2025, raising $27.3M notional and buying 220 BTC, bringing holdings to 640,250 BTC.
The numbers
| Bitcoin bought | 220 BTC | Oct 6 to Oct 12 |
| Average price | $123,561 | per bitcoin |
| Cost | $27.2M | |
| Bitcoin held after | 640,250 BTC | |
| ATM capacity left | $15.91B | as of Oct 12 |
| ATM capacity left · STRC | $4.20B | as of Oct 12 |
| ATM capacity left · STRD | $4.15B | as of Oct 12 |
| ATM capacity left · STRF | $1.70B | as of Oct 12 |
| ATM capacity left · STRK | $20.37B | as of Oct 12 |
| ATM net proceeds · STRD | $5.8M | as of Oct 12 |
| ATM net proceeds · STRF | $19.8M | as of Oct 12 |
| ATM net proceeds · STRK | $1.7M | as of Oct 12 |
| ATM shares sold | 0 shares | as of Oct 12 |
| ATM shares sold · STRC | 0 shares | as of Oct 12 |
| ATM shares sold · STRD | 68,775 shares | as of Oct 12 |
| ATM shares sold · STRF | 170,663 shares | as of Oct 12 |
| ATM shares sold · STRK | 16,873 shares | as of Oct 12 |
| Average bitcoin cost | $74,000 | as of Oct 12 |
| Total bitcoin cost | $47.38B | as of Oct 12 |
What it changed
Bitcoin held
640,030 BTCbefore
640,250 BTCafter this filing
From the filing
mNAV
1.57xOct 13 close
1.57xpro forma at Oct 13’s prices
1.53xOct 14 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
200,053Oct 13 close
200,053Oct 14 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
115.2 yrsOct 13 close
113.0 yrsOct 14 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, Oct 14, 2025, 7:59 AM ET. Accession 0001193125-25-238132.
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.