FILINGStrategy (MSTR) · 8-K · accepted Monday, Jul 27, 2026, 8:00 AM ET

Strategy raised $544.5M selling common

From Strategy’s 8-K, accepted by the SEC on Jul 27, 2026 at 8:00 AM ET.

What it says

Strategy's weekly 8-K for July 20, 26, 2026 reports MSTR ATM sales of 5,429,160 shares, a repurchase of 288,930 STRC shares for $25.0M, no bitcoin purchases, holdings of 843,775 BTC, and a $3.75B USD Reserve.

The numbers

ATM capacity left	$22.98B	as of Jul 26
ATM capacity left · STRC	$17.51B	as of Jul 26
ATM capacity left · STRD	$4.01B	as of Jul 26
ATM capacity left · STRF	$1.62B	as of Jul 26
ATM capacity left · STRK	$2.10B	as of Jul 26
ATM net proceeds	$544.5M	as of Jul 26
ATM net proceeds · STRC	$0	as of Jul 26
ATM net proceeds · STRD	$0	as of Jul 26
ATM net proceeds · STRF	$0	as of Jul 26
ATM net proceeds · STRK	$0	as of Jul 26
ATM shares sold	5,429,160 shares	as of Jul 26
ATM shares sold · STRC	0 shares	as of Jul 26
ATM shares sold · STRD	0 shares	as of Jul 26
ATM shares sold · STRF	0 shares	as of Jul 26
ATM shares sold · STRK	0 shares	as of Jul 26
Repurchase cost	$0	as of Jul 26
Repurchase cost · STRD	$0	as of Jul 26
Repurchase cost · STRF	$0	as of Jul 26
Repurchase cost · STRK	$0	as of Jul 26
Repurchase capacity left	$1.00B	as of Jul 26
Repurchase capacity left · STRD	$975.0M	as of Jul 26
Repurchase capacity left · STRF	$975.0M	as of Jul 26
Repurchase capacity left · STRK	$975.0M	as of Jul 26
Shares repurchased	0 shares	as of Jul 26
Shares repurchased · STRD	0 shares	as of Jul 26
Shares repurchased · STRF	0 shares	as of Jul 26
Shares repurchased · STRK	0 shares	as of Jul 26

What it changed

mNAV

1.04xJul 24 close

1.10xJul 27 close

Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held

Sats per diluted share

206,386Jul 24 close

203,681Jul 27 close

Bitcoin per diluted share × 100 million

Years of preferred dividends covered

33.2 yrsJul 24 close

33.3 yrsJul 27 close

Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet). A year of dividends went from $1.73B to $1.72B: 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

Strive bought 79 BTC, bringing its total to 20,000 BTC8-K · 8:00 AM ET The 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 27, 2026, 8:00 AM ET. Accession 0001193125-26-316917.

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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