Strategy Inc 8-K

What Happened
Strategy Inc (MSTR) filed an 8‑K on April 13, 2026 disclosing (1) activity under its at‑the‑market (ATM) offering program for the period April 6–12, 2026, (2) bitcoin purchases made with ATM proceeds and updated aggregate bitcoin holdings, and (3) that it uses a public "Strategy Dashboard" on its website (www.strategy.com) as a Regulation FD disclosure channel.

Key Details

• ATM sales (Apr 6–12, 2026): Sold 10,028,363 shares of STRC preferred stock for a notional value of $1,002.8 million and net proceeds of $1,001.3 million (net of sales commissions). Includes shares sold but not yet settled as of April 12, 2026. Total net proceeds during the period: $1,001.3 million.
• Available issuance capacity (in millions): STRF $1,619.3; STRC $21,642.6; STRK $2,100.0; STRD $4,014.8; MSTR (Class A common) $27,096.1. Note: STRC and MSTR available amounts reflect prior announced $21.0 billion increases (STRC Increase and MSTR Increase) that may be used once existing offering capacity is substantially depleted.
• Bitcoin purchases (Apr 6–12, 2026): Acquired 13,927 BTC for an aggregate $1.00 billion (average ~$71,902 per BTC). These purchases were funded with ATM proceeds.
• Aggregate bitcoin holdings (as of Apr 12, 2026): 780,897 BTC with an aggregate purchase price of $59.02 billion and an average purchase price of $75,577 per BTC (prices include fees and expenses).

Why It Matters
This filing shows Strategy is actively using its ATM program to raise cash (over $1.0 billion net in the week reported) and is deploying those proceeds to buy more bitcoin, increasing its aggregate BTC exposure to 780,897 BTC. The dashboard disclosure note signals the company’s intent to use its website for broad, non‑exclusive distribution of trading and crypto‑holding information in line with Regulation FD. Investors should monitor future ATM activity, available issuance capacity, and changes in bitcoin holdings and average purchase price, as these affect share dilution potential and the company’s crypto exposure.