FILINGStrategy (MSTR) · 8-K · accepted Monday, May 18, 2026, 8:00 AM ET
Strategy bought 24,869 BTC, bringing its total to 843,738 BTC; raised $2.03B selling common and STRC
From Strategy’s 8-K, accepted by the SEC on May 18, 2026 at 8:00 AM ET, covering May 11 to May 17.
What it says
Strategy reports ATM sales of STRC and MSTR and a purchase of 24,869 bitcoin for the week May 11, 17, 2026, bringing holdings to 843,738 BTC.
The numbers
| Bitcoin bought | 24,869 BTC | May 11 to May 17 |
| Average price | $80,985 | per bitcoin |
| Cost | $2.01B | |
| Bitcoin held after | 843,738 BTC | |
| ATM capacity left | $26.27B | as of May 17 |
| ATM capacity left · STRC | $17.51B | as of May 17 |
| ATM capacity left · STRD | $4.01B | as of May 17 |
| ATM capacity left · STRF | $1.62B | as of May 17 |
| ATM capacity left · STRK | $2.10B | as of May 17 |
| ATM net proceeds | $83.7M | as of May 17 |
| ATM net proceeds · STRC | $1.95B | as of May 17 |
| ATM net proceeds · STRD | $0 | as of May 17 |
| ATM net proceeds · STRF | $0 | as of May 17 |
| ATM net proceeds · STRK | $0 | as of May 17 |
| ATM shares sold | 430,344 shares | as of May 17 |
| ATM shares sold · STRC | 19,519,801 shares | as of May 17 |
| ATM shares sold · STRD | 0 shares | as of May 17 |
| ATM shares sold · STRF | 0 shares | as of May 17 |
| ATM shares sold · STRK | 0 shares | as of May 17 |
| Average bitcoin cost | $75,700 | as of May 17 |
| Total bitcoin cost | $63.87B | as of May 17 |
What it changed
Bitcoin held
818,869 BTCbefore
843,738 BTCafter this filing
From the filing
mNAV
1.35xMay 15 close
1.34xpro forma at May 15’s prices
1.31xMay 18 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
213,376May 15 close
219,610May 18 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
47.0 yrsMay 15 close
40.7 yrsMay 18 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet). A year of dividends went from $1.43B to $1.65B: 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, May 18, 2026, 8:00 AM ET. Accession 0001193125-26-227918.
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.