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FILINGStrategy (MSTR) · 8-K · accepted Monday, Jul 20, 2026, 8:00 AM ET

Strategy raised $263.5M selling common

From Strategy’s 8-K, accepted by the SEC on Jul 20, 2026 at 8:00 AM ET.

What it says

Strategy's weekly 8-K for July 13-19, 2026 reports MSTR ATM sales of 2,732,318 shares for $263.5M net proceeds, no bitcoin purchases, no buybacks, 843,775 BTC held, and a $3.225B USD Reserve.

The numbers

ATM capacity left$23.53Bas of Jul 19
ATM capacity left · STRC$17.51Bas of Jul 19
ATM capacity left · STRD$4.01Bas of Jul 19
ATM capacity left · STRF$1.62Bas of Jul 19
ATM capacity left · STRK$2.10Bas of Jul 19
ATM net proceeds$263.5Mas of Jul 19
ATM net proceeds · STRC$0as of Jul 19
ATM net proceeds · STRD$0as of Jul 19
ATM net proceeds · STRF$0as of Jul 19
ATM net proceeds · STRK$0as of Jul 19
ATM shares sold2,732,318 sharesas of Jul 19
ATM shares sold · STRC0 sharesas of Jul 19
ATM shares sold · STRD0 sharesas of Jul 19
ATM shares sold · STRF0 sharesas of Jul 19
ATM shares sold · STRK0 sharesas of Jul 19
Average bitcoin cost$75,476as of Jul 19
Total bitcoin cost$63.69Bas of Jul 19
Bitcoin held843,775 BTCas of Jul 19
USD Reserve$3.23Bas of Jul 19

What it changed

mNAV
1.07xJul 17 close
1.07xJul 20 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
207,774Jul 17 close
206,386Jul 20 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
32.9 yrsJul 17 close
33.7 yrsJul 20 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet)

Also that day

Strive bought 21 BTC, bringing its total to 19,921 BTC8-K · 7:59 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, Jul 20, 2026, 8:00 AM ET. Accession 0001193125-26-308369.
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.