The pace of MSTR ATM issuance remains aggressive at ~6.6M shares per week. Monitor BTC price relative to the average purchase price of $75,385 — the company sold BTC at a loss this week, which may pressure the premium to NAV. The large USD Reserve ($4.65B) supports preferred dividend coverage. No change to the core strategy of accumulating BTC via equity issuance.
Price Chart
Executive Summary
Strategy Inc disclosed its weekly ATM sales, bitcoin holdings, and repurchase activity for the period August 3-9, 2026. The company sold 6.59 million MSTR shares for $653.1M net proceeds, sold 1,690 BTC for $108.6M (at an average price of $64,262, below its average purchase price of $75,385), and used the proceeds to repurchase 1.15 million STRC preferred shares for $108.6M. The USD Reserve stands at $4.65B, and over $22B remains available for MSTR ATM sales. This is a routine weekly update with no material change to the company's strategy.
Key Facts
- Sold 6,585,682 MSTR shares under ATM for $653.1M net proceeds during Aug 3-9, 2026
- As of Aug 9, 2026, $22,036.8M remains available for MSTR ATM sales (including $21B increase from March 2026)
- Sold 1,690 BTC for $108.6M at average price of $64,262; net proceeds used to repurchase STRC stock
- Repurchased 1,152,020 shares of STRC (Variable Rate Series A Perpetual Stretch Preferred) for $108.6M
- Aggregate BTC holdings: 840,447 BTC with aggregate purchase price of $63.36B (avg $75,385 per BTC)
- USD Reserve balance: $4.65B as of Aug 9, 2026
- $785.2M remains available for preferred stock repurchases; $1.0B for MSTR common stock repurchases
Financial Impact
Net proceeds of $653.1M from MSTR ATM sales; $650M added to USD Reserve, $3.1M to cash. BTC sale of $108.6M funded STRC repurchases. No earnings or revenue data.
Risk Factors
- Continued dilution from ATM sales could pressure MSTR stock price
- BTC sale at a loss ($64,262 vs avg purchase $75,385) signals potential for further sales if liquidity needs arise
- BTC price volatility directly impacts the value of the company's primary asset
- Large ATM capacity ($22B+) overhangs the market
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-341297 |
| Document: 0001193125-26-341297-index-headers.html | 0001193125-26-341297 |
| Document: 0001193125-26-341297-index.html | 0001193125-26-341297 |
| Document: 0001193125-26-341297.txt | 0001193125-26-341297 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 8-K | $136.94 $168.50 | ▲ +23.05% | ▲ +22.94% | $160.50 (+17.20%) |
Sep 1, 2026 4w ago | 8-K | $124.88 $132.70 | ▲ +6.26% | ▲ +6.18% | $160.50 (+28.52%) |
Aug 31, 2026 4w ago | 8-K | $132.94 $136.52 | ▲ +2.69% | ▲ +2.83% | $160.50 (+20.73%) |
Aug 24, 2026 5w ago | 8-K | $122.63 $132.94 | ▲ +8.41% | ▲ +7.94% | $160.50 (+30.88%) |
Aug 17, 2026 6w ago | 8-K | $97.68 $122.63 | ▲ +25.54% | ▲ +26.73% | $160.50 (+64.31%) |
Aug 10, 2026 7w ago | 8-K | $97.33 $97.68 | ▲ +0.36% | ▲ +0.41% | $160.50 (+64.90%) |
Aug 3, 2026 8w ago | 8-K | $94.86 $97.33 | ▲ +2.60% | ▲ +0.58% | $160.50 (+69.20%) |
Jul 30, 2026 9w ago | 8-K | $93.28 $100.01 | ▼ −7.21% | ▼ −3.70% | $160.50 (−72.06%) |
Jul 27, 2026 9w ago | 8-K | $98.65 $93.28 | ▼ −5.44% | ▼ −6.52% | $160.50 (+62.70%) |
Jul 20, 2026 10w ago | 8-K | $97.82 $91.67 | ▼ −6.29% | ▼ −5.86% | $160.50 (+64.08%) |
US Market Status
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