FILINGStrategy (MSTR) · 8-K · accepted Tuesday, May 5, 2026, 4:15 PM ET
Strategy 's 8-K furnishes its Q1 2026 earnings release: 818,334 BTC held as of May 3
From Strategy’s 8-K, accepted by the SEC on May 5, 2026 at 4:15 PM ET.
What it says
Strategy's 8-K furnishes its Q1 2026 earnings release: 818,334 BTC held as of May 3, 2026, Q1 bitcoin purchases, a 9.4% YTD BTC Yield, ATM gross proceeds by security, the STRC dividend schedule and the balance sheet.
The numbers
| Average bitcoin cost | $75,537 | as of May 3, was $74,997 Jan 1 |
| Total bitcoin cost | $61.81B | as of May 3, was $50.44B Jan 1 |
| Bitcoin held | 818,334 BTC | as of May 3, was 672,500 BTC Jan 1 |
| Cash and cash equivalents | $2.21B | as of Mar 31 |
| BTC Yield YTD (issuer) | 9.40% | as of May 3 |
| Class A common shares | 326,286,000 shares | as of Mar 31 |
| Class B common shares | 19,640,000 shares | as of Mar 31 |
What it changed
mNAV
1.37xMay 5 close
1.37xMay 6 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
213,366May 5 close
213,366May 6 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
48.0 yrsMay 5 close
48.3 yrsMay 6 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 Tuesday, May 5, 2026, 4:15 PM ET. Accession 0001050446-26-000024.
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.