Strategy Inc. Files 8-K on Preferred Stock Series

TL;DR

Strategy Inc. filed an 8-K detailing preferred stock series; former names also noted.

AI Summary

Strategy Inc. filed an 8-K on September 22, 2025, reporting on events related to its preferred stock series, specifically the M1000 Series A Perpetual Stride Preferred Stock, M800 Series A Perpetual Strike Preferred Stock, and Variable Rate Series A Perpetual Stretch Preferred Stock. The filing also notes the company's former names, Microstrategy Inc. and MICROSTRATEGY Inc., with name changes occurring in 1997 and 2018.

Why It Matters

This filing provides an update on the company's capital structure and preferred stock offerings, which could impact investors' understanding of its financial obligations and equity.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of corporate events and does not indicate any immediate financial distress or significant new risks.

Key Players & Entities

• Strategy Inc (company) — Registrant
• Microstrategy Inc. (company) — Former company name
• MICROSTRATEGY Inc (company) — Former company name
• M1000 Series A Perpetual Stride Preferred Stock (company) — Preferred stock series
• M800 Series A Perpetual Strike Preferred Stock (company) — Preferred stock series
• Variable Rate Series A Perpetual Stretch Preferred Stock (company) — Preferred stock series

FAQ

Key Financial Figures

• $0.001 — ies A Perpetual Strife Preferred Stock, $0.001 par value per share STRF The Nasdaq
• $17.4 — ons) STRF ATM 173,834 STRF Shares $17.4 $19.4 $1,730.1 $2.1 billion of 10
• $19.4 — TRF ATM 173,834 STRF Shares $17.4 $19.4 $1,730.1 $2.1 billion of 10.00% ser
• $1,730.1 — 173,834 STRF Shares $17.4 $19.4 $1,730.1 $2.1 billion of 10.00% series A perpe
• $2.1 billion — TRF Shares $17.4 $19.4 $1,730.1 $2.1 billion of 10.00% series A perpetual strife pre
• $4,200.0 — d May 22, 2025 STRC ATM - - - $4,200.0 $4.2 billion of variable rate series
• $4.2 billion — 025 STRC ATM - - - $4,200.0 $4.2 billion of variable rate series A perpetual str
• $20,368.8 — July 31, 2025 STRK ATM - - - $20,368.8 $21 billion of 8.00% series A perpetu
• $21 billion — 25 STRK ATM - - - $20,368.8 $21 billion of 8.00% series A perpetual strike pref
• $4,151.8 — March 10, 2025 STRD ATM - - - $4,151.8 $4.2 billion of 10.00% series A perpe
• $80.6 — July 7, 2025 MSTR ATM 227,401 - $80.6 $16,025.3 $21 billion of class A co
• $16,025.3 — 2025 MSTR ATM 227,401 - $80.6 $16,025.3 $21 billion of class A common stock,
• $100.0 — es"), established May 1, 2025 Total $100.0 (1) The total face value of the share

Filing Documents

• mstr-20250902.htm (8-K) — 167KB
• img7187285_0.jpg (GRAPHIC) — 14KB
• 0001193125-25-210048.txt ( ) — 380KB
• mstr-20250902.xsd (EX-101.SCH) — 64KB
• mstr-20250902_htm.xml (XML) — 9KB

01 Other Events

Item 8.01 Other Events. ATM Updates On September 22, 2025, Strategy Inc ("Strategy" or the "Company") announced updates with respect to its at-the-market offering programs: ATM Program Summary During Period September 15, 2025 to September 21, 2025 As of September 21, 2025 Shares Sold Notional Value (in millions) (1) Net Proceeds (in millions) (2) Available for Issuance and Sale (in millions) STRF ATM 173,834 STRF Shares $17.4 $19.4 $1,730.1 $2.1 billion of 10.00% series A perpetual strife preferred stock, $0.001 par value per share ("STRF Shares"), established May 22, 2025 STRC ATM - - - $4,200.0 $4.2 billion of variable rate series A perpetual stretch preferred stock, $0.001 par value per share ("STRC Shares"), established July 31, 2025 STRK ATM - - - $20,368.8 $21 billion of 8.00% series A perpetual strike preferred stock, $0.001 par value per share ("STRK Shares"), established March 10, 2025 STRD ATM - - - $4,151.8 $4.2 billion of 10.00% series A perpetual stride preferred stock, $0.001 par value per share ("STRD Shares"), established July 7, 2025 MSTR ATM 227,401 - $80.6 $16,025.3 $21 billion of class A common stock, $0.001 par value per share ("MSTR Shares"), established May 1, 2025 Total $100.0 (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. BTC Update On September 22, 2025, Strategy announced updates with respect to its bitcoin holdings: During Period September 15, 2025 to September 21, 2025 As of September 21, 2025 BTC Acquired (1) Aggregate Purchase Price (in millions) (2) Average Purchase Price (2) Aggregate BTC Holdings Aggregate Purchase Price(in billions) (2) Average Purchase Price (2) 850 $ 99.7 $ 117,344 639,835 $ 47.33 $ 73,971 (1) The bitcoin purchases were made using proceeds fro

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. Strategy Dashboard The Company also maintains a dashboard on its website (www.Strategy.com) as a disclosure channel for providing broad, non-exclusionary distribution of information regarding the Company to the public, including information regarding market prices of its outstanding securities, bitcoin purchases and holdings, certain KPI metrics and other supplemental information, and as one means of disclosing non-public information in compliance with its disclosure obligations under Regulation FD. Investors and others are encouraged to regularly review the information that the Company makes public via the website dashboard. Furnished Information The information disclosed pursuant to Item 7.01 in this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: September 22, 2025 Strategy Inc (Registrant) By: /s/ W. Ming Shao Name: W. Ming Shao Title: Executive Vice President & General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR