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FILINGStrategy (MSTR) · 8-K · accepted Monday, Jan 5, 2026, 8:00 AM ET

Strategy bought 1,283 BTC, bringing its total to 673,783 BTC; raised $312.2M selling common

From Strategy’s 8-K, accepted by the SEC on Jan 5, 2026 at 8:00 AM ET, covering Jan 1 to Jan 4.

What it says

Strategy's 8-K of January 5, 2026 reports ATM sales (MSTR only) and bitcoin purchases for Dec 29-31, 2025 and Jan 1-4, 2026, holdings of 673,783 BTC as of Jan 4, a $2.25B USD Reserve, and preliminary Q4 2025 digital asset figures.

The numbers

Bitcoin bought1,283 BTCJan 1 to Jan 4
Average price$90,391per bitcoin
Cost$116.0M
Bitcoin held after673,783 BTC
ATM capacity left$11.39Bas of Jan 4, was $11.50B Dec 31
ATM capacity left · STRC$4.04Bas of Jan 4, same as Dec 31
ATM capacity left · STRD$4.01Bas of Jan 4, same as Dec 31
ATM capacity left · STRF$1.62Bas of Jan 4, same as Dec 31
ATM capacity left · STRK$20.34Bas of Jan 4, same as Dec 31
ATM net proceeds$116.3Mas of Jan 4, was $195.9M Dec 31
ATM net proceeds · STRC$0as of Jan 4, same as Dec 31
ATM net proceeds · STRD$0as of Jan 4, same as Dec 31
ATM net proceeds · STRF$0as of Jan 4, same as Dec 31
ATM net proceeds · STRK$0as of Jan 4, same as Dec 31
ATM shares sold735,000 sharesas of Jan 4
ATM shares sold · STRC0 sharesas of Jan 4
ATM shares sold · STRD0 sharesas of Jan 4
ATM shares sold · STRF0 sharesas of Jan 4
ATM shares sold · STRK0 sharesas of Jan 4
Average bitcoin cost$75,026as of Jan 4
Total bitcoin cost$50.55Bas of Jan 4
USD Reserve$2.25Bas of Jan 4

What it changed

Bitcoin held
672,500 BTCbefore
673,783 BTCafter this filing
From the filing
mNAV
1.13xJan 2 close
1.13xpro forma at Jan 2’s prices
1.12xJan 5 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
194,986Jan 2 close
194,942Jan 5 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
78.7 yrsJan 2 close
82.2 yrsJan 5 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet)

Also that day

Strive 8-K reports preliminary unaudited holdings as of Dec 318-K · 8:04 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, Jan 5, 2026, 8:00 AM ET. Accession 0001193125-26-001550.
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.