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): April 13, 2026

STRATEGY INC
(Exact name of registrant as specified in its charter)
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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):
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☐ | 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:
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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. ☐
Item 8.01 Other Events.
ATM Update
On April 13, 2026, Strategy Inc ("Strategy") announced an update with respect to sales made under its at-the-market offering program ("ATM") of the following securities:
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| | During Period April 6, 2026 to April 12, 2026 | | As of April 12, 2026 | |
Security | | Shares Sold (1) | | Notional Value (in millions) (2) | | Net Proceeds (in millions) (3) | | Available for Issuance and Sale (in millions) (4) | |
STRF Stock | | | - | | $ | - | | $ | - | | $ | 1,619.3 | |
10.00% Series A Perpetual Strife Preferred Stock | | | | | | | | | |
STRC Stock | | | 10,028,363 | | $ | 1,002.8 | | $ | 1,001.3 | | $ | 21,642.6 | |
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 | | | - | | $ | - | | $ | - | | $ | 27,096.1 | |
Class A Common Stock | | | | | | | | | |
Total | | | | | | $ | 1,001.3 | | | |
(1) Includes shares sold but not yet settled as of April 12, 2026.
(2) The total face value of the shares of preferred stock sold, which is used to calculate dividends thereon.
(3) Net proceeds are presented net of sales commission.
(4) As previously disclosed, on March 23, 2026, Strategy announced, among other things, a new $21.0 billion offering of STRC Stock (the “STRC Increase”) and new $21.0 billion offering of MSTR Stock (the “MSTR Increase”). The STRC Stock and MSTR Stock amounts available for issuance reflect the aggregate remaining capacity in each case of both the current offerings and the STRC Increase and MSTR Increase, as applicable. Sales under the STRC Increase and MSTR Increase may begin once capacity under the existing offerings is substantially depleted.
BTC Update
On April 13, 2026, Strategy announced updates with respect to its bitcoin holdings:
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During Period April 6, 2026 to April 12, 2026 | | | As of April 12, 2026 | |
BTC Acquired (1) | | Aggregate Purchase Price (in billions) (2) | | Average Purchase Price (2) | | | Aggregate BTC Holdings | | Aggregate Purchase Price (in billions) (2) | | Average Purchase Price (2) | |
| 13,927 | | $ | 1.00 | | $ | 71,902 | | | | 780,897 | | $ | 59.02 | | $ | 75,577 | |
(1) The bitcoin purchases were made using proceeds from the sale of shares under the ATM.
(2) Aggregate and average purchase prices are inclusive of fees and expenses.
Item 7.01 Regulation FD Disclosure.
Strategy Dashboard
Strategy also maintains a dashboard on its website (www.strategy.com) as a disclosure channel for providing broad, non-exclusionary distribution of information regarding Strategy to the public, including information regarding market prices of its outstanding securities, bitcoin purchases and holdings, certain key performance indicator 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 Strategy 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.
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Date: April 13, 2026 | | Strategy Inc (Registrant) |
| | | |
| | | | By: | | /s/ Thomas C. Chow |
| | | | Name: | | Thomas C. Chow |
| | | | Title: | | Executive Vice President & General Counsel |
Document and Entity Information
| Feb. 23, 2026 |
|---|
| Document And Entity Information [Line Items] | |
| Amendment Flag | false |
| Entity Central Index Key | 0001050446 |
| Document Type | 8-K |
| Document Period End Date | Apr. 13, 2026 |
| Entity Registrant Name | STRATEGY INC |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 001-42509 |
| Entity Tax Identification Number | 51-0323571 |
| Entity Address, Address Line One | 1850 Towers Crescent Plaza |
| Entity Address, City or Town | Tysons Corner |
| Entity Address, State or Province | VA |
| Entity Address, Postal Zip Code | 22182 |
| City Area Code | (703) |
| Local Phone Number | 848-8600 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Entity Emerging Growth Company | false |
| M 10.00 Series A Perpetual Strife Preferred Stock 0.001 Par Value Per Share [Member] | |
| Document And Entity Information [Line Items] | |
| Security 12b Title | 10.00% Series A Perpetual Strife Preferred Stock, $0.001 par value per share |
| Trading Symbol | STRF |
| Security Exchange Name | NASDAQ |
| Variable Rate Series A Perpetual Stretch Preferred Stock 0.001 Par Value Per Share [Member] | |
| Document And Entity Information [Line Items] | |
| Security 12b Title | Variable Rate Series A Perpetual Stretch Preferred Stock, $0.001 par value per share |
| Trading Symbol | STRC |
| Security Exchange Name | NASDAQ |
| M 8.00 Series A Perpetual Strike Preferred Stock 0.001 Par Value Per Share [Member] | |
| Document And Entity Information [Line Items] | |
| Security 12b Title | 8.00% Series A Perpetual Strike Preferred Stock, $0.001 par value per share |
| Trading Symbol | STRK |
| Security Exchange Name | NASDAQ |
| M 10.00 Series A Perpetual Stride Preferred Stock 0.001 Par Value Per Share [Member] | |
| Document And Entity Information [Line Items] | |
| Security 12b Title | 10.00% Series A Perpetual Stride Preferred Stock, $0.001 par value per share |
| Trading Symbol | STRD |
| Security Exchange Name | NASDAQ |
| Common Stock [Member] | |
| Document And Entity Information [Line Items] | |
| Security 12b Title | Class A common stock, $0.001 par value per share |
| Trading Symbol | MSTR |
| Security Exchange Name | NASDAQ |