Strategy Inc 8-K

What Happened

• Strategy Inc. (MSTR) filed an 8-K on Feb. 23, 2026 disclosing (1) that it maintains a public "Strategy Dashboard" on its website (www.strategy.com) as a Regulation FD disclosure channel, and (2) recent activity under its at-the-market (ATM) equity program and related bitcoin purchases. The filing covers the period Feb. 17–22, 2026 and furnishes ATM and BTC updates to the public.

Key Details

• ATM sales (Feb. 17–22, 2026): 297,940 shares of Class A common stock (MSTR) were sold, generating net proceeds of $39.7 million (net of sales commission). No preferred shares were sold during the period.
• ATM capacity remaining (available for issuance/sale, shown in millions): STRF $1,619.3M; STRC $3,542.8M; STRK $20,331.6M; STRD $4,014.8M; MSTR Class A $7,843.9M.
• Bitcoin purchases (Feb. 17–22, 2026): Strategy acquired 592 BTC for an aggregate purchase price of $39.8 million (average ~$67,286 per BTC). Purchases were made using ATM proceeds.
• Aggregate bitcoin position: 717,722 BTC acquired for an aggregate purchase price of $54.56 billion (average purchase price $76,020 per BTC), inclusive of fees and expenses.

Why It Matters

• The filing shows Strategy is continuing to issue shares via its ATM program and using ATM proceeds to buy bitcoin — 297,940 shares raised ~$39.7M, which funded the purchase of 592 BTC in the reported week.
• The company’s large remaining ATM capacity and the disclosed aggregate bitcoin holdings (717,722 BTC at a $54.56B aggregate purchase price) are material datapoints for investors monitoring dilution potential, treasury management, and Strategy’s ongoing bitcoin accumulation strategy.
• The public dashboard is designated as an official Regulation FD disclosure channel, so investors should regularly consult it for broad, non-exclusionary updates on market prices, bitcoin holdings, and key metrics.