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FILINGStrategy (MSTR) · 8-K · accepted Monday, Sep 21, 2026, 8:00 AM ET

Strategy bought 950 BTC, bringing its total to 846,000 BTC; bought back $174.0M of STRC

From Strategy’s 8-K, accepted by the SEC on Sep 21, 2026 at 8:00 AM ET, covering Sep 14 to Sep 20.

What it says

Strategy reports no ATM sales for Sept 14-20, 2026, purchase of 950 BTC for $75.7M, repurchase of 1,771,238 STRC shares for $174.0M, and USD Reserve of $5.04B and USD Cash of $1.05B as of Sept 20, 2026.

The numbers

Bitcoin bought950 BTCSep 14 to Sep 20
Average price$79,670per bitcoin
Cost$75.7M
Bitcoin held after846,000 BTC
Average bitcoin cost$75,416as of Sep 20
Total bitcoin cost$63.80Bas of Sep 20
Repurchase cost$0as of Sep 20
Repurchase cost · STRC$174.0Mas of Sep 20
Repurchase cost · STRD$0as of Sep 20
Repurchase cost · STRF$0as of Sep 20
Repurchase cost · STRK$0as of Sep 20
Repurchase capacity left$1.00Bas of Sep 20
Repurchase capacity left · STRC$875.1Mas of Sep 20
Repurchase capacity left · STRD$875.1Mas of Sep 20
Repurchase capacity left · STRF$875.1Mas of Sep 20
Repurchase capacity left · STRK$875.1Mas of Sep 20
Shares repurchased0 sharesas of Sep 20
Shares repurchased · STRC1,771,238 sharesas of Sep 20
Shares repurchased · STRD0 sharesas of Sep 20
Shares repurchased · STRF0 sharesas of Sep 20
Shares repurchased · STRK0 sharesas of Sep 20
Other cash$1.05Bas of Sep 20
USD Reserve$5.04Bas of Sep 20

What it changed

Bitcoin held
845,050 BTCbefore
846,000 BTCafter this filing
From the filing
mNAV
1.23xSep 18 close
1.23xpro forma at Sep 18’s prices
1.24xSep 21 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held. Pro forma: this filing’s bitcoin at the previous close’s prices
Sats per diluted share
187,742Sep 18 close
187,953Sep 21 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
46.5 yrsSep 18 close
50.0 yrsSep 21 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet). A year of dividends went from $1.61B to $1.59B: 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 1,355 BTC, bringing its total to 26,355 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, Sep 21, 2026, 8:00 AM ET. Accession 0001193125-26-396093.
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.