Continued weekly ATM sales at ~$335M pace imply ongoing dilution of ~0.8% of shares outstanding per week (based on ~340M shares). Monitor BTC price relative to average purchase cost ($75,651) and pace of ATM depletion. The $1.4B USD Reserve provides near-term dividend/interest coverage but is being replenished via ATM proceeds.
Price Chart
Executive Summary
Strategy Inc disclosed weekly ATM sales of 2,714,839 MSTR shares for $335.5M net proceeds (June 15-21), used $34.9M to acquire 520 BTC at $67,068 avg. Total BTC holdings reached 847,363 ($64.1B aggregate cost). USD Reserve stands at $1.4B. Routine capital-raising and bitcoin accumulation update with no material change to the company's strategy.
Key Facts
- Sold 2,714,839 MSTR shares under ATM during June 15-21, net proceeds $335.5M
- Acquired 520 BTC for $34.9M at average price $67,068
- Total BTC holdings: 847,363 BTC, aggregate purchase price $64.10B, average $75,651
- USD Reserve balance $1.4B as of June 21, 2026
- Remaining ATM capacity: MSTR $25.4B, STRF $1.6B, STRC $17.5B, STRK $2.1B, STRD $4.0B
Financial Impact
$335.5M net proceeds from common stock ATM sales; $34.9M deployed for bitcoin purchases
Risk Factors
- Accelerated dilution from ATM sales if market demand weakens
- Bitcoin price decline below average purchase cost could pressure balance sheet
- Preferred stock dividend coverage depends on continued ATM proceeds to replenish USD Reserve
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-276717 |
| Document: 0001193125-26-276717-index-headers.html | 0001193125-26-276717 |
| Document: 0001193125-26-276717-index.html | 0001193125-26-276717 |
| Document: 0001193125-26-276717.txt | 0001193125-26-276717 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 8-K | $136.94 $168.50 | ▲ +23.05% | ▲ +22.94% | $169.71 (+23.93%) |
Sep 1, 2026 4w ago | 8-K | $124.88 $132.70 | ▲ +6.26% | ▲ +6.18% | $169.71 (+35.90%) |
Aug 31, 2026 4w ago | 8-K | $132.94 $136.52 | ▲ +2.69% | ▲ +2.83% | $169.71 (+27.66%) |
Aug 24, 2026 5w ago | 8-K | $122.63 $132.94 | ▲ +8.41% | ▲ +7.94% | $169.71 (+38.39%) |
Aug 17, 2026 6w ago | 8-K | $97.68 $122.63 | ▲ +25.54% | ▲ +26.73% | $169.71 (+73.74%) |
Aug 10, 2026 7w ago | 8-K | $97.33 $97.68 | ▲ +0.36% | ▲ +0.41% | $169.71 (+74.37%) |
Aug 3, 2026 8w ago | 8-K | $94.86 $97.33 | ▲ +2.60% | ▲ +0.58% | $169.71 (+78.91%) |
Jul 30, 2026 9w ago | 8-K | $93.28 $100.01 | ▼ −7.21% | ▼ −3.70% | $169.71 (−81.94%) |
Jul 27, 2026 9w ago | 8-K | $98.65 $93.28 | ▼ −5.44% | ▼ −6.52% | $169.71 (+72.03%) |
Jul 20, 2026 10w ago | 8-K | $97.82 $91.67 | ▼ −6.29% | ▼ −5.86% | $169.71 (+73.49%) |
US Market Status
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