Strategy Inc 8-K

What Happened

• Strategy Inc. (MSTR) filed an 8-K on February 9, 2026 reporting activity under its at-the-market (ATM) offering and updates to its bitcoin holdings. For the period February 2–8, 2026, Strategy sold 616,715 shares of Class A common stock (MSTR) under the ATM, generating net proceeds of $89.5 million. The company used ATM proceeds to acquire 1,142 bitcoin during the same period. The filing also notes Strategy maintains a public “Strategy Dashboard” on its website as a Regulation FD disclosure channel.

Key Details

• ATM sales (Feb 2–8, 2026): 616,715 MSTR shares sold; net proceeds $89.5 million (net of commission).
• Remaining ATM capacity (as of Feb 8, 2026): MSTR Class A common stock available for issuance/sale — $7,974.3 million (figure in filing reported in millions). Preferred series had no sales during the period and report available amounts (e.g., STRK available ~$20,331.6M).
• Bitcoin purchases (Feb 2–8, 2026): 1,142 BTC purchased for aggregate $90.0 million; average purchase price $78,815 per BTC.
• Total bitcoin position (as of Feb 8, 2026): 714,644 BTC with aggregate purchase cost $54.35 billion and an average purchase price of $76,056 per BTC. Purchases were made using ATM sale proceeds; prices and aggregates include fees and expenses.

Why It Matters

• The filing shows Strategy is actively using its ATM program to raise cash and immediately deploy proceeds into bitcoin, increasing its crypto holdings. That affects the company’s asset mix (more bitcoin on the balance sheet) and increases outstanding shares (issuance under the ATM), which is relevant to existing and prospective shareholders. The Regulation FD dashboard note signals the company’s chosen public channel for timely, broad disclosures about market prices, bitcoin activity, and key metrics.