Strategy Inc. Updates ATM Sales, Bitcoin Purchases and Repurchase Programs

What Happened
Strategy Inc. (MSTR) filed an 8-K on September 28, 2026 announcing a Regulation FD disclosure channel (its public website dashboard) and providing weekly updates (for the period Sept 21–27, 2026) on its at-the-market (ATM) sales, bitcoin purchases, share repurchases and USD cash reserves. During that week Strategy sold 1,469,165 shares of MSTR for net proceeds of $246.2 million; $142.7 million of those proceeds were used to buy 1,665 BTC at an average price of $85,681, and $103.5 million were used to repurchase STRC preferred stock. As of Sept 27, 2026 Strategy reported aggregate bitcoin holdings of 847,666 BTC (aggregate purchase cost ~$63.95 billion; average cost ~$75,437 per BTC).

Key Details

• ATM sales (Sept 21–27, 2026): 1,469,165 MSTR shares sold for $246.2M net proceeds; available for issuance under ATM: MSTR ~$18,844.4M (in millions as disclosed).
• Bitcoin purchases: 1,665 BTC bought for $142.7M (avg $85,681); total holdings 847,666 BTC (aggregate cost ~$63.95B; avg $75,437).
• Repurchases: 1,534,530 shares of STRC repurchased for $151.7M; remaining repurchase capacity: ~$723.5M for preferred digital credit securities and $1.0B for MSTR stock repurchases.
• USD liquidity: USD Reserve balance $5.02B (used $22.1M for preferred dividends during the week); USD Cash $1.00B (used $48.1M to repurchase STRC stock).

Why It Matters
These disclosures show how Strategy is actively managing capital: issuing and selling MSTR shares through its ATM to fund additional bitcoin purchases and to repurchase its digital credit securities, while maintaining substantial USD reserves. Retail investors should note the flows between share issuance, bitcoin acquisitions, and buybacks—key drivers of dilution, treasury bitcoin exposure, and available capital to support dividends and other capital actions. The company’s website dashboard is being used as a formal Reg FD channel for broad public disclosure.