Strategy Inc Updates ATM Stock Sales, Bitcoin Sales and Repurchases

What Happened

• On August 10, 2026, Strategy Inc (MSTR) filed an 8‑K disclosing Regulation FD procedures and operational updates for the week August 3–9, 2026. During that period Strategy sold 6,585,682 shares of its Class A common stock (MSTR) under its at‑the‑market (ATM) program, generating $653.1 million in net proceeds (of which $650.0M was added to the company’s USD Reserve and $3.1M to cash). Strategy also sold 1,690 BTC for aggregate net proceeds of $108.6 million (average sale price $64,262).
• The filing shows Strategy’s aggregate bitcoin holdings as 840,447 BTC with an aggregate purchase price of $63.36 billion (average purchase price $75,385 per BTC). Strategy used the net proceeds from the BTC sales to fund repurchases of STRC preferred stock under its Digital Credit Securities Repurchase Program. As of August 9, 2026, the USD Reserve balance was $4.65 billion (including unsettled ATM proceeds).

Key Details

• ATM sales (Aug 3–9, 2026): 6,585,682 MSTR shares, $653.1M net proceeds; total MSTR issuance capacity remaining ≈ $22.037 billion (includes prior $21.0B increase announced March 23, 2026).
• Bitcoin sales: 1,690 BTC sold for $108.6M total (avg $64,262); total holdings reported 840,447 BTC (avg purchase price $75,385).
• Repurchases: 1,152,020 shares of STRC repurchased for $108.6M; $785.2M remaining capacity under the Digital Credit Securities Repurchase Program; $1.0B capacity remains under the MSTR repurchase program.
• Regulation FD: Strategy reaffirmed its public “Strategy Dashboard” (www.strategy.com) as a disclosure channel for broad, non‑exclusionary distribution of company information.

Why It Matters

• Liquidity and capital allocation: The MSTR ATM sales generated sizeable cash that bolstered the USD Reserve ($4.65B) and provided flexibility for dividends/interest support and other obligations. The filing also shows large remaining issuance capacity, meaning potential for additional dilution if further ATM sales occur.
• Funding of repurchases: Net proceeds from BTC sales were explicitly used to fund STRC repurchases, showing the company is using digital‑asset sales to manage capital structure and repurchase preferred securities.
• Transparency and disclosure: Strategy is directing investors to its website dashboard as an ongoing, broad disclosure channel under Regulation FD, so investors should monitor that page for timely updates.