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FILINGStrategy (MSTR) · 8-K · accepted Thursday, Oct 30, 2025, 4:34 PM ET

Strategy raised $43.4M selling STRD and STRF and STRK

From Strategy’s 8-K, accepted by the SEC on Oct 30, 2025 at 4:34 PM ET.

What it says

Strategy's 8-K reports Q3 2025 results (net income $2.8B, diluted EPS $8.42), bitcoin holdings of 640,808 BTC as of Oct 26, 2025, ATM activity, a STRC rate increase to 10.50% and a STRC dividend declaration for November 2025.

The numbers

ATM capacity left$15.90Bas of Oct 26
ATM capacity left · STRD$4.10Bas of Oct 26
ATM capacity left · STRF$1.70Bas of Oct 26
ATM capacity left · STRK$20.40Bas of Oct 26
ATM net proceeds · STRD$7.0Mas of Oct 26
ATM net proceeds · STRF$19.4Mas of Oct 26
ATM net proceeds · STRK$17.0Mas of Oct 26
ATM shares sold0 sharesas of Oct 26
ATM shares sold · STRD87,462 sharesas of Oct 26
ATM shares sold · STRF175,634 sharesas of Oct 26
ATM shares sold · STRK191,404 sharesas of Oct 26
Average bitcoin cost$74,032as of Oct 26
Total bitcoin cost$47.44Bas of Oct 26
Bitcoin held640,808 BTCas of Oct 26
BTC Yield YTD (issuer)26.00%as of Oct 26
Preferred stated amount · STRC$2.80Bas of Sep 30
Preferred stated amount · STRD$1.23Bas of Sep 30
Preferred stated amount · STRF$1.33Bas of Sep 30
Preferred stated amount · STRK$1.36Bas of Sep 30

What it changed

mNAV
1.39xOct 30 close
1.44xOct 31 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
200,340Oct 30 close
200,340Oct 31 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
107.4 yrsOct 30 close
108.6 yrsOct 31 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet)

Also that day

The 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 Thursday, Oct 30, 2025, 4:34 PM ET. Accession 0001193125-25-258690.
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.