FILINGStrategy (MSTR) · 8-K · accepted Monday, Jan 12, 2026, 8:00 AM ET
Strategy bought 13,627 BTC, bringing its total to 687,410 BTC; raised $1.25B selling common and STRC
From Strategy’s 8-K, accepted by the SEC on Jan 12, 2026 at 8:00 AM ET, covering Jan 5 to Jan 11.
What it says
Strategy reports ATM sales of STRC and MSTR and a purchase of 13,627 bitcoin for the week of January 5-11, 2026, bringing holdings to 687,410 BTC.
The numbers
| Bitcoin bought | 13,627 BTC | Jan 5 to Jan 11 |
| Average price | $91,519 | per bitcoin |
| Cost | $1.25B | |
| Bitcoin held after | 687,410 BTC | |
| ATM capacity left | $10.26B | as of Jan 11 |
| ATM capacity left · STRC | $3.92B | as of Jan 11 |
| ATM capacity left · STRD | $4.01B | as of Jan 11 |
| ATM capacity left · STRF | $1.62B | as of Jan 11 |
| ATM capacity left · STRK | $20.34B | as of Jan 11 |
| ATM net proceeds | $1.13B | as of Jan 11 |
| ATM net proceeds · STRC | $119.1M | as of Jan 11 |
| ATM net proceeds · STRD | $0 | as of Jan 11 |
| ATM net proceeds · STRF | $0 | as of Jan 11 |
| ATM net proceeds · STRK | $0 | as of Jan 11 |
| ATM shares sold | 6,827,695 shares | as of Jan 11 |
| ATM shares sold · STRC | 1,192,262 shares | as of Jan 11 |
| ATM shares sold · STRD | 0 shares | as of Jan 11 |
| ATM shares sold · STRF | 0 shares | as of Jan 11 |
| ATM shares sold · STRK | 0 shares | as of Jan 11 |
| Average bitcoin cost | $75,353 | as of Jan 11 |
| Total bitcoin cost | $51.80B | as of Jan 11 |
What it changed
Bitcoin held
673,783 BTCbefore
687,410 BTCafter this filing
From the filing
mNAV
1.12xJan 9 close
1.12xpro forma at Jan 9’s prices
1.14xJan 12 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
194,942Jan 9 close
195,032Jan 12 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
79.4 yrsJan 9 close
80.2 yrsJan 12 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet). A year of dividends went from $796.1M to $809.5M: 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, Jan 12, 2026, 8:00 AM ET. Accession 0001193125-26-009811.
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.