On September 28, 2026, Strategy Inc announced an update for the September 21–27, 2026 period covering its at-the-market (ATM) offering program, bitcoin holdings, share repurchase programs, and USD Reserve and USD Cash. Under the ATM, Strategy sold 1,469,165 shares of MSTR Class A common stock for $246.2 million in net proceeds and sold no preferred shares; as of September 27, 2026, $18,844.4 million of MSTR stock and $1,619.3 million STRF, $17,510.8 million STRC, $2,100.0 million STRK, and $4,014.8 million STRD preferred stock remained available for issuance and sale.
Strategy used $142.7 million of MSTR net proceeds to purchase 1,665 bitcoin at an average purchase price of $85,681, bringing holdings to 847,666 bitcoin with an aggregate purchase price of $63.95 billion and an average purchase price of $75,437 as of September 27, 2026; it also used $103.5 million of MSTR net proceeds to repurchase STRC stock. During the period, Strategy repurchased 1,534,530 shares of STRC stock for $151.7 million, leaving $723.5 million available for preferred stock repurchases under its digital credit securities repurchase program and $1.0 billion available under its MSTR Stock repurchase program.
Strategy used $48.1 million of USD Cash to fund STRC stock repurchases and $22.1 million of the USD Reserve to fund preferred stock dividends during the period; as of September 27, 2026, the USD Reserve balance was $5.02 billion and the USD Cash balance was $1.00 billion.
Original SEC Filing Text expand_more
Item 8.01 Other Events. ATM Update On September 28, 2026, Strategy Inc ("Strategy") announced an update with respect to sales made under its at-the-market offering program ("ATM") of the following securities: During Period September 21, 2026 to September 27, 2026 As of September 27, 2026 Security Shares Sold Notional Value (in millions) (1) Net Proceeds (in millions) (2) Available for Issuance and Sale (in millions) STRF Stock - $ - $ - $ 1,619.3 10.00% Series A Perpetual Strife Preferred Stock STRC Stock - $ - $ - $ 17,510.8 Variable Rate Series A Perpetual Stretch Preferred Stock STRK Stock - $ - $ - $ 2,100.0 8.00% Series A Perpetual Strike Preferred Stock STRD Stock - $ - $ - $ 4,014.8 10.00% Series A Perpetual Stride Preferred Stock MSTR Stock 1,469,165 $ - $ 246.2 (3) $ 18,844.4 Class A Common Stock Total $ 246.2 (1) The total face value of the shares of preferred stock sold, which is used to calculate dividends thereon. (2) Net proceeds are presented net of sales commission. (3) $142.7 million in net proceeds from MSTR Stock sales were used to fund bitcoin purchases and $103.5 million in net proceeds from MSTR Stock sales were used to fund repurchases of STRC Stock under the digital credit securities repurchase program. BTC Update On September 28, 2026, Strategy announced updates with respect to its bitcoin holdings: During Period September 21, 2026 to September 27, 2026 As of September 27, 2026 BTC Purchased (1) Aggregate Purchase Price (in millions) (2) Average Purchase Price (2) Aggregate BTC Holdings Aggregate Purchase Price (in billions) (2) Average Purchase Price (2) 1,665 $ 142.7 $ 85,681 847,666 $ 63.95 $ 75,437 (1) The bitcoin purchases were made using net proceeds from MSTR Stock sales. (2) Aggregate and average purchase prices are inclusive of fees and expenses. Repurchase Program Updates On September 28, 2026, Strategy announced the following update with respect to its share repurchase programs of the following securities: During Period September 21, 2026 to September 27, 2026 Security Shares Repurchased Aggregate Purchase Price (in millions) STRF Stock (1) - $ - 10.00% Series A Perpetual Strife Preferred Stock STRC Stock (1) 1,534,530 $ 151.7 Variable Rate Series A Perpetual Stretch Preferred Stock STRK Stock (1) - $ - 8.00% Series A Perpetual Strike Preferred Stock STRD Stock (1) - $ - 10.00% Series A Perpetual Stride Preferred Stock MSTR Stock (2) - $ - Class A Common Stock Total 1,534,530 $ 151.7 (1) $723.5 million aggregate purchase price of Strategy's preferred stock remains available under its digital credit securities repurchase program. (2) $1.0 billion aggregate purchase price of MSTR Stock remains available under Strategy's MSTR Stock repurchase program. USD Reserve and USD Cash Updates As part of its capital framework, Strategy maintains: (i) a U.S. dollar reserve (the "USD Reserve"), which is intended to support the payment of dividends on Strategy's preferred stock and interest on its outstanding indebtedness, and (ii) "USD Cash", which management maintains to deploy for broader general Bitcoin Treasury Company purposes, which may include acquiring bitcoin, expanding the USD Reserve, broader capital management uses, and other similar purposes. During the period from September 21, 2026 to September 27, 2026, Strategy used $48.1 million of USD Cash to fund repurchases of STRC Stock. During the same period, Strategy used $22.1 million of the USD Reserve to fund the payment of dividends on its preferred stock. As of September 27, 2026, the balances of the USD Reserve and USD Cash were $5.02 billion and $1.00 billion, respectively.
