Strategy Inc 8-K

What Happened
Strategy Inc. (MSTR) filed an 8-K on January 20, 2026 disclosing recent at-the-market (ATM) sales, the net proceeds from those sales, and bitcoin purchases made with those proceeds. The company also reiterated that it uses a public “Strategy Dashboard” on its website (www.strategy.com) as a Regulation FD disclosure channel. For the period January 12–19, 2026, Strategy reported total net proceeds of $2,125.0 million and acquired 22,305 BTC, bringing aggregate bitcoin holdings to 709,715 BTC.

Key Details

• ATM sales (Jan 12–19, 2026): total net proceeds reported $2,125.0 million.
  • MSTR (Class A common): 10,399,650 shares sold; net proceeds $1,827.3 million; available for future issuance/sale: $8,427.4 million.
  • STRC (Variable Rate Series A Perpetual Stretch Preferred): 2,945,371 shares sold; net proceeds $294.3 million; available for issuance: $3,628.4 million.
  • STRK (Variable Rate Series A Perpetual Stretch Preferred): 38,796 shares sold; net proceeds $3.4 million; available for issuance: $20,331.6 million.
  • Other series (STRF, STRD) reported no sales in the period and have available issuance sufficiency listed.
• Bitcoin purchases: acquired 22,305 BTC during the period for aggregate purchase price $2,125.3 million (average purchase price ~$95,284 per BTC).
• Aggregate bitcoin holdings as of Jan 19, 2026: 709,715 BTC with an aggregate purchase price of $53.92 billion (average cost ~$75,979 per BTC).
• The filing states the bitcoin purchases were funded using ATM sale proceeds; prices and aggregates include fees and expenses.

Why It Matters
This 8-K shows Strategy is actively using its ATM program to raise cash and is continuing to convert ATM proceeds into bitcoin, increasing its total BTC holdings. The reported $2.125 billion of net proceeds and the related increase in bitcoin holdings are material to investors who track the company’s capital raises, potential dilution from share issuance, and exposure to bitcoin price performance. The company’s use of its public dashboard for Regulation FD disclosures is also important for investors who want a single, official place to monitor ongoing updates.