Strategy Inc: reports ATM, bitcoin, repurchases and Q3 2026 update

What happened

• The filing says Strategy Inc furnished a Regulation FD disclosure and announced updates on Oct 5, 2026 covering its at-the-market offering program, bitcoin purchases and holdings, share repurchase activity, USD reserve and USD cash balances, and preliminary Q3 2026 financial estimates.
• The filing says Strategy announced that during Oct 1, 2026 to Oct 4, 2026 it sold 92,894 shares of MSTR stock for net proceeds of $15,700,000; the filing says $15,700,000 of those net proceeds were used to fund bitcoin purchases. The filing says the information on its dashboard (www.strategy.com) is a disclosure channel.

Key details

• ATM and availability: the filing reports no ATM sales for Sep 28, 2026 to Sep 30, 2026; as of Sep 30, 2026 available for issuance and sale included $1,619,300,000 for STRF, $17,510,800,000 for STRC, $2,100,000,000 for STRK, $4,014,800,000 for STRD and $18,844,400,000 for MSTR. As of Oct 4, 2026 available for MSTR was $18,828,700,000.
• Bitcoin holdings: the filing reports acquisition of 334 BTC for $28,700,000 (average $85,838.80) during Oct 1, 2026 to Oct 4, 2026; aggregate BTC holdings were 848,000 with aggregate purchase price $63,970,000,000 and average purchase price $75,440.70 as of Oct 4, 2026. The filing says $15,700,000 of bitcoin purchases used net proceeds from MSTR sales and $13,000,000 used USD Cash.
• Repurchases and funding: the filing reports repurchases of 1,033,168 shares of STRC for $102,600,000 during Sep 28, 2026 to Sep 30, 2026 and 740,634 shares of STRC for $73,700,000 during Oct 1, 2026 to Oct 4, 2026. The filing says $80,400,000 of STRC repurchases were funded using USD Cash and $22,200,000 were funded using interest earned; available aggregate purchase price under the preferred stock repurchase program was $620,900,000 as of Sep 30, 2026 and $547,200,000 as of Oct 4, 2026. The filing says $1,000,000,000 aggregate purchase price of MSTR remains available under the MSTR repurchase program as of Sep 30, 2026 and Oct 4, 2026.
• USD reserve and cash: the filing says from Sep 28, 2026 to Oct 4, 2026 Strategy used $154,100,000 of USD Cash for STRC repurchases and $13,000,000 of USD Cash for bitcoin purchases, and used $142,500,000 of the USD Reserve to fund dividends and interest; as of Oct 4, 2026 the USD Reserve balance was $4,880,000,000 and USD Cash was $833,400,000.
• Q3 2026 estimates and tax items: the filing reports an estimated $20,910,000,000 gain on digital assets and $1,880,000,000 associated deferred tax expense for the three months ended Sep 30, 2026; as of Sep 30, 2026 the filing reports $70,820,000,000 digital asset carrying value and $1,880,000,000 net deferred tax liability. The filing says a $4,120,000,000 deferred tax asset as of Jun 30, 2026 was reversed and the related valuation allowance was released, resulting in an approximately $4,120,000,000 income tax benefit and a reduction in estimated deferred tax expense from approximately $6,000,000,000 to $1,880,000,000. The filing says the financial information was prepared by management and that KPMG LLP has not audited or reviewed it.

Why it may matter

• The filing reports Item 7.01 (Regulation FD disclosure): Strategy says it uses a dashboard on its website (www.strategy.com) as a disclosure channel for broad, non-exclusionary distribution of information. The filing reports Item 8.01 (Other events): Strategy announced ATM activity, bitcoin purchases and holdings, repurchase program activity, USD Reserve and USD Cash balances, and preliminary Q3 2026 financial and tax estimates.
• The filing does not show why the insider traded or why the company acted.