FILINGStrategy (MSTR) · 8-K · accepted Monday, Mar 23, 2026, 9:38 AM ET
Strategy added three sales agents and entered new ATM program addenda for up to $21.0B of MSTR common
From Strategy’s 8-K, accepted by the SEC on Mar 23, 2026 at 9:38 AM ET.
What it says
Strategy added three sales agents and entered new ATM program addenda for up to $21.0B of MSTR common, $21.0B of STRC and $2.1B of STRK, terminated the prior STRK ATM, and filed certificates increasing authorized STRC shares and decreasing authorized STRK shares.
What it changed
mNAV
1.30xMar 20 close
1.31xMar 23 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
191,656Mar 20 close
191,670Mar 23 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
53.4 yrsMar 20 close
53.7 yrsMar 23 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 Monday, Mar 23, 2026, 9:38 AM ET. Accession 0001193125-26-118810.
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.