Strategy Inc. Files 8-K: Operations, Personnel & Reg FD

TL;DR

Strategy Inc. 8-K dropped: Ops, exec changes, and Reg FD updates. Check it.

AI Summary

Strategy Inc. filed an 8-K on October 6, 2025, reporting on its results of operations and financial condition. The filing also disclosed the departure of directors or certain officers, the election of directors, and the appointment of certain officers, along with details on compensatory arrangements. Additionally, it covered Regulation FD disclosures and other events.

Why It Matters

This 8-K filing provides crucial updates on Strategy Inc.'s financial performance and significant changes in its leadership and compliance with disclosure regulations.

Risk Assessment

Risk Level: medium — The filing covers multiple items including financial results, executive changes, and regulatory disclosures, indicating potential shifts in company strategy or performance.

Key Players & Entities

• Strategy Inc. (company) — Filer of the 8-K
• MICROSTRATEGY Inc (company) — Former company name
• 0001050446 (company) — Central Index Key for Strategy Inc.
• 20251006 (date) — Filing date and period of report

FAQ

Key Financial Figures

• $0.001 — ies A Perpetual Strife Preferred Stock, $0.001 par value per share STRF The Nasdaq
• $2.1 billion — s) STRF ATM — — — $ 1,718.8 $2.1 billion of 10.00% series A perpetual strife pre
• $4.2 billion — 025 STRC ATM — — — $ 4,200.0 $4.2 billion of variable rate series A perpetual str
• $21 billion — 25 STRK ATM — — — $ 20,368.8 $21 billion of 8.00% series A perpetual strike pref
• $3.89 billion — September 30, 2025, the Company had: $3.89 billion unrealized gain on digital assets; and
• $1.12 billion — nrealized gain on digital assets; and $1.12 billion associated deferred tax expense. As o
• $73.21 billion — September 30, 2025, the Company had: $73.21 billion digital asset carrying value; and $7.
• $7.43 billion — ion digital asset carrying value; and $7.43 billion related deferred tax liability. CAMT
• $5.09 billion — pany received aggregate net proceeds of $5.09 billion from the following transactions: Under
• $90.00 — Stock"), at a public offering price of $90.00 per share. The Company received net pro
• $2.47 b — eds from this offering of approximately $2.47 billion, after deducting discounts and co
• $2.1 b — ng an aggregate offering price of up to $2.1 billion, from time to time through the sa
• $217.7 m — eeds from this program of approximately $217.7 million, after deducting sales commission
• $21 b — ng an aggregate offering price of up to $21 billion, from time to time through the sa
• $153.0 m — eeds from this program of approximately $153.0 million, after deducting sales commission

Filing Documents

• d49048d8k.htm (8-K) — 543KB
• g49048g1003230233948.jpg (GRAPHIC) — 4KB
• 0001193125-25-230977.txt ( ) — 820KB
• mstr-20251006.xsd (EX-101.SCH) — 5KB
• mstr-20251006_def.xml (EX-101.DEF) — 15KB
• mstr-20251006_lab.xml (EX-101.LAB) — 25KB
• mstr-20251006_pre.xml (EX-101.PRE) — 16KB
• d49048d8k_htm.xml (XML) — 10KB

From the Filing

8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): October 6, 2025 STRATEGY INC (Exact name of registrant as specified in its charter) Delaware 001-42509 51-0323571 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 1850 Towers Crescent Plaza Tysons Corner , Virginia 22182 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (703) 848-8600 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol Name of Each Exchange on which Registered 10.00% Series A Perpetual Strife Preferred Stock, $0.001 par value per share STRF The Nasdaq Global Select Market Variable Rate Series A Perpetual Stretch Preferred Stock, $0.001 par value per share STRC The Nasdaq Global Select Market 8.00% Series A Perpetual Strike Preferred Stock, $0.001 par value per share STRK The Nasdaq Global Select Market 10.00% Series A Perpetual Stride Preferred Stock, $0.001 par value per share STRD The Nasdaq Global Select Market Class A common stock, $0.001 par value per share MSTR The Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item2.02 Results of Operations and Financial Condition. On October 6, 2025, Strategy Inc ("Strategy," the "Company," "we," "us," or "our") provided information regarding its business as of and for the quarter ended September 30, 2025, including its capital markets activity, bitcoin acquisitions, capital structure and indebtedness, bitcoin holdings and financial statement impacts. This information is contained in Item 8.01 of this Current Report on Form 8-K. Item8.01 Other Events. The financial information set forth in this Current Report on Form 8-K has been prepared by Strategy management. Strategy's independent registered public accounting firm, KPMG LLP, has not audited or reviewed, and does not express an opinion with respect to, such financial information. On August 7, 2024, we completed a 10-for-1 stock split of our class A and class B common stock. See Note 2(a), Summary of Significant Accounting Policies – Basis of Presentation, to the Consolidated Financial Statements, in our Annual Report on Form 10-K for the year ended December 31, 2024 for further information. As a result of the stock split, all applicable share and per share information presented within this Current Report on Form 8-K has been retroactively adjusted to reflect the stock split for all periods presented. I. ATM and BTC Update for the Period September 29, 2025 to October 5, 2025 ATM Update On October 6, 2025, Strategy announced updates with respect to its at-the-market ("ATM") offering programs: During Period September 29, 2025 to October 5, 2025 As of October 5, 2025 ATM Program Summary Shares Sold Notional Value (in millions) (1) Net Proceeds (in millions) (2) Available for Issuance and Sale (in millions) STRF ATM — — — $ 1,718.8 $2.1 billion of 10.00% series A perpetual strife preferred stock, $0.001 par value per share, 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, 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, established March 10, 2025 STRD ATM — — — $ 4,151.4 $4.2 billion of 10.00% series A perpetual stride preferred stock, $0.001 par value per share, established July 7, 2025 MSTR ATM — — — $ 15,908.8 $21 billion of class A common stock,

View Full Filing

View this 8-K filing on SEC EDGAR