Strategy consolidates its stock sale programs under one omnibus sales agreement
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.