FILINGStrategy (MSTR) · 8-K · accepted Tuesday, May 26, 2026, 8:00 AM ET
Strategy reports no ATM sales or bitcoin purchases May 18-25
From Strategy’s 8-K, accepted by the SEC on May 26, 2026 at 8:00 AM ET.
What it says
Strategy reports no ATM sales or bitcoin purchases May 18-25, 2026, holds 843,738 BTC, USD Reserve of $871M, and a press release on completing a $1.5B 2029 convertible note repurchase.
The numbers
| ATM shares sold | 0 shares | as of May 25 |
| Average bitcoin cost | $75,700 | as of May 25 |
| Total bitcoin cost | $63.87B | as of May 25 |
| Bitcoin held | 843,738 BTC | as of May 25 |
| Debt principal | $6.70B | as of May 25 |
| BTC Yield YTD (issuer) | 13.30% | as of May 25 |
| Sats per share (issuer) | 220,900 | as of May 25 |
| USD Reserve | $871.0M | as of May 25 |
What it changed
mNAV
1.30xMay 22 close
1.31xMay 26 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
219,610May 22 close
219,610May 26 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
39.9 yrsMay 22 close
39.3 yrsMay 26 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 26, 2026, 8:00 AM ET. Accession 0001193125-26-237907.
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.