FILINGStrategy (MSTR) · 8-K · accepted Tuesday, Feb 17, 2026, 8:00 AM ET
Strategy bought 2,486 BTC, bringing its total to 717,131 BTC; raised $168.9M selling common and STRC
From Strategy’s 8-K, accepted by the SEC on Feb 17, 2026 at 8:00 AM ET, covering Feb 9 to Feb 16.
What it says
Strategy reports ATM sales of STRC and MSTR and the purchase of 2,486 bitcoin during Feb 9, 16, 2026, bringing holdings to 717,131 BTC.
The numbers
| Bitcoin bought | 2,486 BTC | Feb 9 to Feb 16 |
| Average price | $67,710 | per bitcoin |
| Cost | $168.4M | |
| Bitcoin held after | 717,131 BTC | |
| ATM capacity left | $7.88B | as of Feb 16 |
| ATM capacity left · STRC | $3.54B | as of Feb 16 |
| ATM capacity left · STRD | $4.01B | as of Feb 16 |
| ATM capacity left · STRF | $1.62B | as of Feb 16 |
| ATM capacity left · STRK | $20.33B | as of Feb 16 |
| ATM net proceeds | $90.5M | as of Feb 16 |
| ATM net proceeds · STRC | $78.4M | as of Feb 16 |
| ATM net proceeds · STRD | $0 | as of Feb 16 |
| ATM net proceeds · STRF | $0 | as of Feb 16 |
| ATM net proceeds · STRK | $0 | as of Feb 16 |
| ATM shares sold | 660,000 shares | as of Feb 16 |
| ATM shares sold · STRC | 785,354 shares | as of Feb 16 |
| ATM shares sold · STRD | 0 shares | as of Feb 16 |
| ATM shares sold · STRF | 0 shares | as of Feb 16 |
| ATM shares sold · STRK | 0 shares | as of Feb 16 |
| Average bitcoin cost | $76,027 | as of Feb 16 |
| Total bitcoin cost | $54.52B | as of Feb 16 |
What it changed
Bitcoin held
714,645 BTCbefore
717,131 BTCafter this filing
From the filing
mNAV
1.34xFeb 13 close
1.33xpro forma at Feb 13’s prices
1.32xFeb 17 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
186,146Feb 13 close
185,828Feb 17 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
60.5 yrsFeb 13 close
58.8 yrsFeb 17 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet). A year of dividends went from $853.0M to $861.7M: 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 Tuesday, Feb 17, 2026, 8:00 AM ET. Accession 0001193125-26-053105.
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.