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FILINGStrategy (MSTR) · 8-K · accepted Monday, Aug 24, 2026, 8:00 AM ET

Strategy bought back $136.4M of STRC; raised $2.01B selling common

From Strategy’s 8-K, accepted by the SEC on Aug 24, 2026 at 8:00 AM ET.

What it says

Strategy reports the new USD Cash pool, USD Reserve of $5.10B, MSTR ATM sales of 18.26M shares ($2,006.5M net) and STRC repurchases of 1.43M shares ($136.4M) for Aug 17-23, 2026, with no bitcoin bought or sold and holdings at 840,447 BTC.

The numbers

ATM capacity left$19.69Bas of Aug 23
ATM capacity left · STRC$17.51Bas of Aug 23
ATM capacity left · STRD$4.01Bas of Aug 23
ATM capacity left · STRF$1.62Bas of Aug 23
ATM capacity left · STRK$2.10Bas of Aug 23
ATM net proceeds$2.01Bas of Aug 23
ATM net proceeds · STRC$0as of Aug 23
ATM net proceeds · STRD$0as of Aug 23
ATM net proceeds · STRF$0as of Aug 23
ATM net proceeds · STRK$0as of Aug 23
ATM shares sold18,261,118 sharesas of Aug 23
ATM shares sold · STRC0 sharesas of Aug 23
ATM shares sold · STRD0 sharesas of Aug 23
ATM shares sold · STRF0 sharesas of Aug 23
ATM shares sold · STRK0 sharesas of Aug 23
Average bitcoin cost$75,385as of Aug 23
Total bitcoin cost$63.36Bas of Aug 23
Bitcoin held840,447 BTCas of Aug 23
Repurchase cost$0as of Aug 23
Repurchase cost · STRC$136.4Mas of Aug 23
Repurchase capacity left$1.00Bas of Aug 23
Repurchase capacity left · STRC$516.6Mas of Aug 23
Shares repurchased0 sharesas of Aug 23
Shares repurchased · STRC1,431,212 sharesas of Aug 23
USD Reserve$5.10Bas of Aug 23

What it changed

mNAV
1.03xAug 21 close
1.07xAug 24 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
196,679Aug 21 close
188,619Aug 24 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
41.9 yrsAug 21 close
42.9 yrsAug 24 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet). A year of dividends went from $1.69B to $1.67B: 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 1,110 BTC, bringing its total to 21,356 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, Aug 24, 2026, 8:00 AM ET. Accession 0001193125-26-361845.
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.