FILINGStrategy (MSTR) · 8-K · accepted Monday, Oct 26, 2026, 8:49 AM ET
Strategy bought back $204.9M of STRC
From Strategy’s 8-K, accepted by the SEC on Oct 26, 2026 at 8:49 AM ET.
What it says
Strategy reports no ATM sales and no bitcoin purchases or sales for Oct 19-25, 2026, repurchased 2,068,459 STRC shares for $204.9M, holds about 848,517 BTC, and has a $4.83B USD Reserve.
The numbers
| Average bitcoin cost | $75,446 | as of Oct 25 |
| Total bitcoin cost | $64.02B | as of Oct 25 |
| Bitcoin held | 848,517 BTC | as of Oct 25 |
| Repurchase cost · STRC | $204.9M | as of Oct 25 |
| Repurchase capacity left · STRC | $956.8M | as of Oct 25 |
| Shares repurchased · STRC | 2,068,459 shares | as of Oct 25 |
| Other cash | $242.4M | as of Oct 25 |
| USD Reserve | $4.83B | as of Oct 25 |
What it changed
mNAV
1.18xOct 23 close
1.15xOct 26 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held
Sats per diluted share
187,750Oct 23 close
187,750Oct 26 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
49.4 yrsOct 23 close
49.5 yrsOct 26 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet). A year of dividends went from $1.50B to $1.47B: 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
Source
Form 8-K filed by Strategy Inc with the SEC, accepted Monday, Oct 26, 2026, 8:49 AM ET. Accession 0001193125-26-431146.
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.