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FILINGStrategy (MSTR) · 8-K · accepted Monday, Jun 29, 2026, 8:00 AM ET

Strategy raised $1.15B selling common

From Strategy’s 8-K, accepted by the SEC on Jun 29, 2026 at 8:00 AM ET.

What it says

Strategy announced a Digital Credit Capital Framework (USD Reserve policy, $1.0B preferred repurchase and $1.0B MSTR repurchase programs, BTC monetization program), raised the STRC rate to 12.00%, declared conditional STRC dividends, and reported weekly ATM activity (only MSTR sold) and no BTC purchases.

The numbers

ATM capacity left$24.26Bas of Jun 28
ATM capacity left · STRC$17.51Bas of Jun 28
ATM capacity left · STRD$4.01Bas of Jun 28
ATM capacity left · STRF$1.62Bas of Jun 28
ATM capacity left · STRK$2.10Bas of Jun 28
ATM net proceeds$1.15Bas of Jun 28
ATM net proceeds · STRC$0as of Jun 28
ATM net proceeds · STRD$0as of Jun 28
ATM net proceeds · STRF$0as of Jun 28
ATM net proceeds · STRK$0as of Jun 28
ATM shares sold12,669,017 sharesas of Jun 28
ATM shares sold · STRC0 sharesas of Jun 28
ATM shares sold · STRD0 sharesas of Jun 28
ATM shares sold · STRF0 sharesas of Jun 28
ATM shares sold · STRK0 sharesas of Jun 28
Average bitcoin cost$75,651as of Jun 28
Total bitcoin cost$64.10Bas of Jun 28
Bitcoin held847,363 BTCas of Jun 28
USD Reserve$2.55Bas of Jun 28
STRC dividend rate12.00%from Jul 1

What it changed

mNAV
1.07xJun 26 close
1.14xJun 29 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
216,796Jun 26 close
209,990Jun 29 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
31.7 yrsJun 26 close
32.4 yrsJun 29 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet)

Also that day

Strive reports updated holdings as of June 26, 2026 versus June 188-K · 8:00 AM ETThe 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, Jun 29, 2026, 8:00 AM ET. Accession 0001193125-26-286871.
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.