FILINGStrategy (MSTR) · 8-K · accepted Friday, Nov 7, 2025, 8:05 AM ET
Strategy priced a 7,750,000-share offering of STRE at €80.00 per share
From Strategy’s 8-K, accepted by the SEC on Nov 7, 2025 at 8:05 AM ET.
What it says
Strategy announced the pricing of a 7,750,000-share offering of STRE at €80.00 per share, with settlement scheduled for November 13, 2025.
What it changed
mNAV
1.40xNov 6 close
1.39xNov 7 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
200,237Nov 6 close
200,237Nov 7 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
99.2 yrsNov 6 close
101.2 yrsNov 7 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 Friday, Nov 7, 2025, 8:05 AM ET. Accession 0001193125-25-271105.
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.