FILINGStrategy (MSTR) · 8-K · accepted Monday, Oct 27, 2025, 8:00 AM ET
Strategy bought 390 BTC, bringing its total to 640,808 BTC
From Strategy’s 8-K, accepted by the SEC on Oct 27, 2025 at 8:00 AM ET, covering Oct 20 to Oct 26.
What it says
Strategy reports ATM activity (STRF, STRK, STRD) and acquisition of 390 BTC for $43.4M during Oct 20, 26, 2025, bringing holdings to 640,808 BTC.
The numbers
| Bitcoin bought | 390 BTC | Oct 20 to Oct 26 |
| Average price | $111,117 | per bitcoin |
| Cost | $43.4M | |
| Bitcoin held after | 640,808 BTC | |
| ATM capacity left · STRC | $4.20B | as of Oct 26 |
| ATM shares sold · STRC | 0 shares | as of Oct 26 |
What it changed
Bitcoin held
640,418 BTCbefore
640,808 BTCafter this filing
From the filing
mNAV
1.51xOct 24 close
1.51xpro forma at Oct 24’s prices
1.50xOct 27 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
200,106Oct 24 close
200,227Oct 27 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
110.7 yrsOct 24 close
113.1 yrsOct 27 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet). A year of dividends went from $643.0M to $647.1M: 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, Oct 27, 2025, 8:00 AM ET. Accession 0001193125-25-250751.
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.