Every material Form 8-K Strategy Inc Common Stock has filed with the SEC since June 06, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Strategy Inc reported its weekly update for October 26 to November 1, 2026, in which it bought 811 bitcoin for $65.5 million using net proceeds from MSTR Stock sales. It also repurchased about 2.09 million STRC preferred shares for $208.2 million, funded from USD Cash. The filing shows bitcoin holdings of 849,327 BTC and a USD Reserve balance of $4.79 billion as of November 1, 2026.
Bought 811 bitcoin for $65.5 million at an average price of $80,846; aggregate holdings reached 849,327 BTC
Sold 1,178,552 MSTR Stock shares for $164.0 million in net proceeds; $98.5 million allocated to USD Cash
Repurchased 2,092,035 STRC preferred shares for $208.2 million; $748.6 million remains under the preferred repurchase program
USD Reserve stood at $4.79 billion and USD Cash at $132.7 million as of November 1, 2026
On October 28, 2026, Strategy Inc stockholders approved amended certificates of designations for its STRF, STRC, STRK and STRD preferred stock to permit daily dividends. The company says the changes do not alter total regular dividend amounts or dividend rates, and the STRC change takes effect November 1, 2026, while the others take effect January 1, 2027.
Proposal 1 passed at the October 28, 2026 Special Meeting with 381,373,199 votes for, 2,236,551 against and 444,753 abstentions.
The Second A&R STRC Stock CoD takes effect at 12:01 a.m. Eastern Time on November 1, 2026; the STRF, STRK and STRD amendments take effect January 1, 2027.
Because the contingent condition is met, November daily STRC dividends will be payable, and the semi-monthly STRC dividend payable November 15, 2026 will not be payable.
Strategy Inc reported Q3 2026 financial results including operating income of $20.91 billion, largely driven by digital asset gains. Additionally, CFO Andrew Kang announced his resignation effective November 5, 2026, with CEO Phong Le and EVP Reza Virasteh stepping into planned financial leadership roles.
Q3 2026 operating income was $20.91 billion, compared to $3.89 billion in Q3 2025.
Q3 2026 net income attributable to common stockholders was $19.12 billion, with diluted EPS of $44.75.
CFO Andrew Kang is resigning effective November 5, 2026, and will receive a lump sum payment of $883,400.
As of October 25, 2026, the company held 848,517 bitcoins.
At a Special Meeting on October 28, 2026, Strategy Inc stockholders approved amended certificates of designations for four preferred stock series to permit daily dividends. Under the new schedule, STRC dividends begin November 1, 2026 and STRF, STRK and STRD dividends begin January 1, 2027, subject to the filing and effectiveness of the amended certificates. Holders should note that record and ex-dividend dates will fall on weekends and holidays, which changes how dividend entitlement works for trades on those days.
Special Meeting held October 28, 2026; requisite vote obtained based on preliminary results, with a record date of September 25, 2026
Daily dividend schedule effective November 1, 2026 for STRC Stock and January 1, 2027 for STRF, STRK and STRD Stock
Dividend record dates fall on every calendar day; for DTC-cleared shares, weekend or holiday record dates move to the prior non-holiday
Company expects investors buying on Friday, November 6, 2026 will not receive dividends with record dates of November 6, 7 and 8, 2026
In an 8-K filed October 26, 2026, Strategy Inc reported that it sold no shares under its at-the-market program and bought or sold no bitcoin from October 19 to October 25, 2026. It repurchased about $204.9 million of STRC preferred stock using USD Cash, and it holds approximately 848,517 bitcoin as of October 25, 2026.
No bitcoin purchased or sold and no at-the-market share sales from October 19 to October 25, 2026
Repurchased 2,068,459 STRC shares for $204.9 million, funded from USD Cash
$956.8 million of preferred stock remains under the digital credit repurchase program; $1.0 billion remains for MSTR Stock
As of October 25, 2026: USD Reserve $4.83 billion, USD Cash $242.4 million, bitcoin holdings about 848,517 at an average price of about $75,446
For the week of October 12 to October 18, 2026, Strategy bought 267 bitcoin for $22.1 million, raising aggregate holdings to 848,517 bitcoin, and repurchased $193.1 million of its STRC preferred stock. The company also raised its digital credit securities repurchase authorization from $2.0 billion to $3.0 billion, with $1.16 billion remaining available as of October 18, 2026. The filing is a weekly update on capital activity and does not report earnings or guidance.
Bitcoin purchases: 267 bitcoin for $22.1 million, funded by $22.0 million of MSTR stock sale proceeds and $0.1 million of USD Cash; aggregate holdings 848,517 bitcoin
STRC repurchases: 1,938,780 shares for $193.1 million, funded from USD Cash
Repurchase authorization raised from $2.0 billion to $3.0 billion; $1.16 billion available as of October 18, 2026
USD Reserve $4.83 billion and USD Cash $447.3 million as of October 18, 2026; $45.5 million of USD Reserve used for preferred dividends
Strategy Inc reported a second-quarter 2026 net loss of $8.22 billion, or $24.45 per diluted share, compared with net income of $10.02 billion a year earlier. The company attributed the swing mainly to an $8.32 billion unrealized loss on its bitcoin holdings, while total revenues rose 6.9% year over year. For shareholders, the results show that reported earnings remain highly sensitive to bitcoin prices, and the filing also raised the STRC preferred dividend rate to 12.00%.
Operating loss of $8.33 billion for Q2 2026, versus $14.03 billion operating income in Q2 2025, including an $8.32 billion unrealized digital asset loss
Total revenues of $122.4 million, up 6.9% from $114.5 million; gross margin fell to 66.6% from 68.8%
Holdings of 843,775 bitcoin as of July 26, 2026, with cost basis of $63.69 billion and market value of $54.77 billion
STRC dividend rate increased to 12.00%; a $1.0 billion STRC repurchase program has bought shares at an average $86.53 since July 20
Strategy disclosed an $8.32 billion loss on digital assets for the quarter ended June 30, 2026, almost all of it unrealized, and said its bitcoin cost basis exceeded fair value at quarter-end. It also sold bitcoin to fund preferred stock distributions and replenish its USD Reserve, and named CFO Andrew Kang as principal accounting officer after the retirement of its chief accounting officer.
Q2 2026 loss on digital assets: $8.32 billion, including $8.31 billion unrealized and $0.9 million realized
Bitcoin sold: 1,363 BTC (June 29-30, $80.8 million) and 2,225 BTC (July 1-5, $135.2 million), with proceeds used for preferred stock distributions and the USD Reserve
Holdings fell to 843,775 BTC as of July 5, 2026; USD Reserve balance was $2.55 billion
Andrew Kang designated principal accounting officer effective June 30, 2026, after Jeanine Montgomery retired
Strategy Inc reported a first-quarter 2026 net loss of $12.54 billion, or $38.25 per diluted common share, compared with a net loss of $4.22 billion, or $16.49 per share, a year earlier. The operating loss included a $14.46 billion unrealized loss on digital assets, while total revenue rose 11.9% to $124.3 million, so the headline loss figures moved sharply against the revenue trend for shareholders.
Operating loss of $14.47 billion in Q1 2026, versus $5.92 billion in Q1 2025, including a $14.46 billion unrealized loss on digital assets
Total revenue of $124.3 million, up from $111.1 million; gross profit of $83.4 million at a 67.1% margin, versus 69.4% a year earlier
Cash and cash equivalents of $2.21 billion as of March 31, 2026, down from $2.30 billion at December 31, 2025
Holdings of 818,334 bitcoin as of May 3, 2026; STRC raised $5.58 billion year to date in 2026
Strategy Inc added three sales agents and three at-the-market sales programs covering up to $21.0 billion of common stock, up to $21.0 billion of STRC preferred stock and up to $2.1 billion of STRK preferred stock, all under an existing shelf registration. The filing also ended the prior STRK preferred offering effective March 22, 2026, and changed the authorized share counts for STRC and STRK preferred stock, which gives the company room to sell more shares that could dilute existing holders.
Moelis, Alliance and StoneX were added as sales agents under the Omnibus Sales Agreement dated November 4, 2025.
New offering capacity: up to $21.0 billion of common stock, up to $21.0 billion of STRC preferred stock and up to $2.1 billion of STRK preferred stock.
Authorized STRC preferred shares were increased from 70,435,353 to 282,556,565; authorized STRK preferred shares were decreased from 269,800,000 to 40,270,744.
Strategy Inc reported a fourth-quarter 2025 operating loss of $17.4 billion, which includes an unrealized loss on its digital assets, compared with a $1.0 billion operating loss a year earlier. The company also set a monthly framework for recommending changes to the STRC preferred stock dividend rate, tied to the stock's volume-weighted average price near its $100 stated amount.
Net loss of $12.4 billion, or $42.93 per diluted common share, versus a net loss of $670.8 million, or $3.03 per share, in Q4 2024
Total revenues of $123.0 million, up 1.9% year over year; gross profit of $81.3 million, down from $86.5 million a year earlier
Holds 713,502 bitcoin; market price of about $83,740 per bitcoin as of January 30, 2026
STRC dividend rate is 11.25%; any rate change under the new framework requires board approval
Strategy lowered its fiscal 2025 earnings guidance because the ranges now assume a year-end bitcoin price of $85,000 to $110,000, down from the $150,000 assumed in its October 30, 2025 guidance. The company also established a $1.44 billion USD Reserve, funded with proceeds from at-the-market sales of its class A common stock, to cover dividends and interest, and appointed Thomas C. Chow as General Counsel.
FY2025 net income guidance is now $(5.5) billion to $6.3 billion; the company's presentation shows the prior target at $24 billion.
FY2025 diluted EPS guidance is now $(17) to $19 per share, versus $80 per share previously; operating income guidance is $(7.0) billion to $9.5 billion, versus $34 billion previously.
The USD Reserve of $1.44 billion currently covers 21 months of dividends; the company's minimum target is 12 months and its goal is 24 months or more.
Thomas C. Chow was appointed Executive Vice President and General Counsel effective immediately on December 1, 2025, succeeding Wei-Ming Shao, who retired.
Strategy Inc agreed on November 6, 2025 to sell 7,750,000 shares of its 10.00% Series A Perpetual Stream Preferred Stock (STRE) at €80.00 per share in an underwritten offering, with gross proceeds of about €620.0 million ($715.1 million). The company estimates net proceeds of about $702.2 million, which it plans to use for general corporate purposes, including acquiring bitcoin and working capital, with settlement scheduled for November 13, 2025.
7,750,000 shares of 10.00% Series A Perpetual Stream Preferred Stock (STRE) priced at €80.00 per share on November 6, 2025
Gross proceeds of approximately €620.0 million ($715.1 million); estimated net proceeds of approximately $702.2 million
Settlement scheduled for November 13, 2025, subject to customary closing conditions
Regular dividends are payable only when declared; unpaid dividends compound, with the rate rising to a maximum of 18% per annum
On November 4, 2025, Strategy Inc combined its existing at-the-market share sale programs into a single Omnibus Sales Agreement with multiple sales agents, which replaces five prior sales agreements in full. The company also filed a prospectus supplement for up to $20.34 billion of STRK preferred stock and up to $15.85 billion of common stock, among other classes, which are the amounts left unsold under the earlier programs. The filing says no sales are required and that the company will pay agent commissions of up to 2.0% of gross proceeds on any shares sold, so shareholders could face dilution if shares are issued.
Omnibus Sales Agreement dated November 4, 2025 covers STRF, STRC, STRK and STRD preferred stock, common stock and future designated preferred stock
Replaces five prior sales agreements dated between March 10, 2025 and July 31, 2025
Currently Offered Shares include up to $20.34 billion of STRK stock and up to $15.85 billion of common stock
Agents may be paid commissions of up to 2.0% of aggregate gross proceeds from each sale
Strategy Inc reported third-quarter 2025 net income of $2.8 billion, or $8.42 per diluted share, compared with a net loss of $340.2 million a year earlier, driven mainly by a $3.9 billion unrealized gain on its bitcoin holdings. The company reaffirmed its full-year 2025 guidance of $34 billion operating income, $24 billion net income and $80 diluted EPS, assuming a year-end bitcoin price of $150,000, and raised the STRC preferred dividend rate to 10.50%.
Q3 2025 operating income was $3.9 billion, versus an operating loss of $432.6 million in Q3 2024; net income attributable to common stockholders was $2.6 billion.
Total software revenues were $128.7 million, up 10.9% year over year, while gross profit was $90.7 million at a 70.5% gross margin.
The STRC dividend rate rises from 10.25% to 10.50% for monthly periods starting November 1, 2025, with the November dividend of $0.875 per share payable November 30, 2025.
Strategy filed updates on its third-quarter 2025 capital markets activity, bitcoin holdings and financial statement effects, which KPMG LLP has not audited or reviewed. The company reported $5.09 billion in aggregate net proceeds from its offerings in the quarter and made no bitcoin purchases in the week ended October 5, 2025, which matters to shareholders because it shows how the company is funding and holding its bitcoin.
Aggregate net proceeds of $5.09 billion in the quarter ended September 30, 2025, including $2.20 billion from the MSTR ATM.
Holdings of 640,031 bitcoin as of October 5, 2025, with an aggregate purchase price of $73.98 billion; no bitcoin was acquired from September 29 to October 5, 2025.
Q3 2025 unrealized gain on digital assets of $3.89 billion, with $1.12 billion of associated deferred tax expense.
Following Treasury and IRS interim guidance issued September 30, 2025, the company no longer expects to become subject to the CAMT due to unrealized bitcoin gains.
Strategy reported second-quarter 2025 net income of $10.02 billion, or $32.60 per diluted share, compared with a net loss of $102.6 million a year earlier. The company said the profit came mainly from a $14.0 billion unrealized gain on its bitcoin holdings, and it issued FY2025 guidance that depends on a year-end bitcoin price of $150,000.
Q2 2025 operating income of $14.03 billion and net income of $10.02 billion, versus a Q2 2024 operating loss of $200.3 million
Total revenues of $114.5 million, up 2.7% year-over-year; gross margin fell to 68.8% from 72.2%
FY2025 guidance: operating income of about $34 billion, net income of about $24 billion, diluted EPS of about $80, assuming a $150,000 year-end bitcoin price
FY2025 BTC $ Gain target raised to $20 billion from $15 billion; BTC Yield target raised to 30% from 25%
Strategy agreed to sell 28,011,111 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC Stock) at $90 per share, with settlement scheduled for July 29, 2025. The company estimates net proceeds of about $2.474 billion, which it intends to use for general corporate purposes, including acquiring bitcoin and working capital. The filing also sets an initial 9.00% monthly regular dividend rate, which the company can adjust at its discretion within stated restrictions.
28,011,111 STRC shares were priced at $90 per share on July 24, 2025, with Morgan Stanley & Co. LLC as lead manager.
Estimated net proceeds are $2.474 billion, after underwriting discounts, commissions and offering expenses.
Initial monthly regular dividend rate is 9.00% per annum on a $100 stated amount per share; the company may redeem at $101 per share on or after listing.
The offering is scheduled to settle on July 29, 2025, subject to customary closing conditions.
Strategy reported an unrealized gain on digital assets of $14.05 billion for the quarter ended June 30, 2025, but also recorded an associated deferred tax expense of $4.04 billion. The filing shows $6.8 billion in aggregate net proceeds from capital markets transactions in the quarter, and the company held 597,325 bitcoin as of July 6, 2025, with no bitcoin acquired in the July 1 to July 6 period. The financial information is unaudited, as KPMG LLP has not audited or reviewed it.
Unrealized gain on digital assets of $14.05 billion in Q2 2025, with deferred tax expense of $4.04 billion
Digital asset carrying value of $64.36 billion as of June 30, 2025, with a related deferred tax liability of $6.31 billion
Aggregate net proceeds of $6.8 billion received in Q2 2025 from preferred stock and common stock programs
Bitcoin holdings of 597,325 as of July 6, 2025, with no bitcoin acquired from June 30 to July 6, 2025
Strategy elected Peter L. Briger, Jr., chairman of Fortress Investment Group, to its Board of Directors on July 1, 2025. The company also said General Counsel Wei-Ming Shao plans to retire on December 31, 2025, after more than 25 years of service, and that it will search for a replacement.
Peter L. Briger, Jr., age 61, joins the Board and has not yet been named to any board committee.
Briger receives equity awards with an aggregate grant-date fair value of $2,000,000, split evenly between stock options and restricted stock units, vesting over four years.
Wei-Ming Shao, Executive Vice President & General Counsel and Corporate Secretary, will retire on December 31, 2025 and help with the transition over the rest of 2025.
Strategy priced an underwritten offering of 11,764,700 shares of its 10.00% Series A Perpetual Stride Preferred Stock (STRD) at $85.00 per share, with Barclays as lead manager, and expects settlement on June 10, 2025. The company estimates net proceeds of approximately $979.7 million, which it intends to use for general corporate purposes, including acquiring bitcoin and working capital. For shareholders, the filing shows a large new capital raise; dividends on the STRD stock are non-mandatory and non-cumulative.
11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock priced at $85.00 per share
Estimated net proceeds of approximately $979.7 million after underwriting discounts and offering expenses
Settlement scheduled for June 10, 2025, subject to customary closing conditions
Dividends are non-mandatory and non-cumulative; liquidation preference initially $100 per share
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