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FILINGStrategy (MSTR) · 8-K · accepted Monday, Mar 2, 2026, 8:00 AM ET

Strategy bought 3,015 BTC, bringing its total to 720,737 BTC; raised $237.0M selling common and STRC

From Strategy’s 8-K, accepted by the SEC on Mar 2, 2026 at 8:00 AM ET, covering Feb 23 to Mar 1.

What it says

Strategy reports ATM sales and bitcoin purchases for Feb 23, Mar 1, 2026 (3,015 BTC acquired; 720,737 BTC held), raises the STRC dividend rate to 11.50%, and declares March 31, 2026 preferred dividends.

The numbers

Bitcoin bought3,015 BTCFeb 23 to Mar 1
Average price$67,700per bitcoin
Cost$204.1M
Bitcoin held after720,737 BTC
ATM capacity left$7.61Bas of Mar 1
ATM capacity left · STRC$3.54Bas of Mar 1
ATM capacity left · STRD$4.01Bas of Mar 1
ATM capacity left · STRF$1.62Bas of Mar 1
ATM capacity left · STRK$20.33Bas of Mar 1
ATM net proceeds$229.9Mas of Mar 1
ATM net proceeds · STRC$7.1Mas of Mar 1
ATM net proceeds · STRD$0as of Mar 1
ATM net proceeds · STRF$0as of Mar 1
ATM net proceeds · STRK$0as of Mar 1
ATM shares sold1,730,563 sharesas of Mar 1
ATM shares sold · STRC71,590 sharesas of Mar 1
ATM shares sold · STRD0 sharesas of Mar 1
ATM shares sold · STRF0 sharesas of Mar 1
ATM shares sold · STRK0 sharesas of Mar 1
Average bitcoin cost$75,985as of Mar 1
Total bitcoin cost$54.77Bas of Mar 1
STRF dividend declared$2.50record Mar 15, paid Mar 31
STRE dividend declared€2.50record Mar 15, paid Mar 31
STRK dividend declared$2.00record Mar 15, paid Mar 31
STRD dividend declared$2.50record Mar 15, paid Mar 31
STRC dividend rate11.50%from Mar 1

What it changed

Bitcoin held
717,722 BTCbefore
720,737 BTCafter this filing
From the filing
mNAV
1.36xFeb 27 close
1.36xpro forma at Feb 27’s prices
1.37xMar 2 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
185,838Feb 27 close
185,786Mar 2 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
57.5 yrsFeb 27 close
59.6 yrsMar 2 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet). A year of dividends went from $861.4M to $870.1M: 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

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 Monday, Mar 2, 2026, 8:00 AM ET. Accession 0001193125-26-084264.
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.