This is a routine weekly ATM/BTC update with no BTC accumulation. The $333.7M equity raise and concurrent $132.2M STRC buyback suggests a capital-arbitrage approach (issuing common to retire variable-rate preferred). The massive $21.7B remaining ATM capacity signals ongoing dilution risk. Monitor weekly ATM reports for pace of future issuance; BTC price moves remain the primary MSTR catalyst.
Price Chart
Executive Summary
Strategy Inc filed an 8-K providing a weekly update on its ATM program, bitcoin holdings, and share repurchases. During the week of August 10-16, 2026, the company raised $333.7M in net proceeds from MSTR stock sales (3,458,866 shares), repurchased $132.2M of STRC preferred stock, and maintained its bitcoin holdings flat at 840,447 BTC. The USD Reserve stood at $4.80B. No bitcoin purchases or sales were made.
Key Facts
- Sold 3,458,866 shares of MSTR common stock for $333.7M in net proceeds during August 10-16, 2026.
- $52.4M of proceeds used for STRC dividends, $132.2M for STRC repurchases, $149.1M added to USD Reserve.
- Repurchased 1,388,720 shares of STRC (Variable Rate Series A Perpetual Stretch Preferred) for $132.2M.
- No MSTR common stock repurchased during the week.
- Bitcoin holdings unchanged at 840,447 BTC (aggregate cost $63.36B, average price $75,385).
- USD Reserve balance stands at $4.80B as of August 16, 2026.
- Remaining MSTR ATM capacity: $21.70B (including the $21.0B MSTR Increase announced March 23, 2026).
- STRF, STRC, STRK, STRD preferred stocks had zero sales during the period.
Financial Impact
Raised $333.7M of common equity; repurchased $132.2M of STRC preferred; $21.7B ATM capacity remains for MSTR
Risk Factors
- Continued dilution risk from $21.7B remaining ATM capacity for MSTR common.
- Preferred stock ($17.5B STRC) could be redeemed or converted, altering the capital structure.
- No new bitcoin purchases this week; market may view pause as bearish for the bitcoin-treasury thesis.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-353240 |
| Document: 0001193125-26-353240-index-headers.html | 0001193125-26-353240 |
| Document: 0001193125-26-353240-index.html | 0001193125-26-353240 |
| Document: 0001193125-26-353240.txt | 0001193125-26-353240 |
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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