Strategy Inc. Reports ATM/BTC Update; Repurchases STRC Shares

What Happened

• Strategy Inc. (MSTR) filed an 8-K on September 14, 2026 disclosing two items: (1) it uses an online dashboard (www.strategy.com) as a public disclosure channel under Regulation FD, and (2) an update on its at-the-market (ATM) sales, bitcoin holdings, and share repurchase activity for the period September 8–13, 2026. During that period Strategy did not sell any shares under its ATM program and did not buy or sell any bitcoin.

Key Details

• Bitcoin holdings: as of September 13, 2026 Strategy holds approximately 845,050 bitcoin, acquired for an aggregate purchase price of $63.73 billion (average cost ≈ $75,412 per bitcoin, inclusive of fees and expenses).
• ATM/BTC activity (Sept 8–13, 2026): no ATM share sales and no bitcoin purchases or sales.
• Repurchases: Strategy repurchased 1,420,467 shares of STRC (Variable Rate Series A Perpetual Stretch Preferred Stock) at an aggregate purchase price of $139.3 million during the period.
• Liquidity and repurchase capacity: $1.05 billion of preferred-stock repurchase capacity remains under its digital credit securities program; $1.0 billion remains available under the MSTR Stock repurchase program.
• USD balances: as of September 13, 2026 the USD Reserve was $5.10 billion and USD Cash was $1.30 billion. Strategy used $139.3 million of USD Cash to fund the STRC repurchases.

Why It Matters

• The filing gives investors a near-term snapshot of Strategy’s capital deployment: no ATM issuances or bitcoin trading in the reported week, meaningful bitcoin holdings at a disclosed average cost, and active use of USD Cash to repurchase preferred stock.
• Key takeaways for investors are the size and cost basis of Strategy’s bitcoin position, the company’s remaining repurchase capacity, and its cash buffers (USD Reserve and USD Cash), which indicate available flexibility for dividends, debt interest, buybacks or future bitcoin purchases.