Strategy Inc 8-K

What Happened

• Strategy Inc. (MSTR) filed an 8‑K on Feb 17, 2026 providing a Regulation FD disclosure about its public "Strategy Dashboard" and reporting activity under its at‑the‑market (ATM) offering program for the period Feb 9–16, 2026 (as of Feb 16, 2026). The company reported ATM sales and used proceeds to acquire bitcoin.

Key Details

• ATM sales (Feb 9–16, 2026): 660,000 Class A common shares sold, generating net proceeds of $90.5 million; 785,354 STRC preferred shares sold, generating net proceeds of $78.4 million. Total net proceeds reported: $169.0 million.
• Proceeds use and BTC purchases (Feb 9–16, 2026): Strategy acquired 2,486 BTC for an aggregate $168.4 million (average $67,710 per BTC); purchases were funded with ATM proceeds.
• Aggregate bitcoin position (as of Feb 16, 2026): 717,131 BTC with an aggregate purchase price of $54.52 billion and an average purchase price of $76,027 per BTC.
• Regulation FD disclosure: Strategy reiterated that its publicly accessible website dashboard (www.strategy.com) is a disclosure channel for market prices, bitcoin purchases/holdings, key metrics and other supplemental information.

Why It Matters

• The ATM program is a capital‑raising tool; the $169.0 million of net proceeds reported for the period funded additional bitcoin purchases (2,486 BTC), modestly increasing Strategy’s large BTC position.
• Investors should note both the dilution implications of ATM stock issuances and the company’s continued strategy of deploying proceeds into bitcoin.
• The company’s use of its website dashboard as an official disclosure channel under Regulation FD means material updates (prices, BTC holdings and KPIs) will be posted there for broad public access.