Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when MSTR files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsStrategy sold $209M stock, bought 1,587 bitcoin below historical average cost
Filed June 15, 2026 · Period ending May 4, 2026 · ~1 min read
Key Changes
-
high
Sold 1.7M shares for $209M net proceeds via ATM program, retaining $25.7B capacity for future stock sales
Item 8.01 — Other Events verify on EDGAR → -
high
Purchased 1,587 bitcoin at $63,024 average—below company's $75,656 historical cost basis—bringing total holdings to 846,842 BTC
Item 8.01 — Other Events verify on EDGAR → -
medium
USD Reserve stands at $1.1B to cover preferred dividends and debt interest, including unsettled ATM proceeds
Item 8.01 — Other Events verify on EDGAR → -
low
Launched public dashboard on strategy.com for Regulation FD compliance, displaying bitcoin holdings and key metrics
Item 7.01 — Regulation FD Disclosure verify on EDGAR →
Summary
Strategy executed its core playbook during June 8-14: diluting equity holders to accumulate more bitcoin. The company sold 1.7 million shares for $209 million, then deployed $100 million into 1,587 bitcoin at an average price of $63,024—notably below its $75,656 historical cost basis. This marks a rare opportunity for Strategy to lower its average acquisition cost.
The company now holds 846,842 bitcoin worth approximately $64 billion at purchase prices. Retail holders face ongoing dilution risk: Strategy retains $25.7 billion in ATM capacity for future stock sales. The $1.1 billion USD Reserve provides a cushion for preferred dividends and debt service, but the company's strategy remains dependent on bitcoin appreciation outpacing equity dilution. Watch whether bitcoin prices stay below Strategy's average cost, enabling further cost-basis improvement, or whether the company resumes buying at premiums to its historical average.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Strategy sold 1.7M shares for $209M, bought 1,587 BTC at avg $63,024, now holds 846,842 BTC; USD Reserve at $1.1B.
Added in current filing · verify on EDGAR →
1,587 | $100.0 | $63,024 | 846,842 | $64.07 | $75,656
Strategy purchased 1,587 bitcoin for $100.0 million at an average price of $63,024 per coin using proceeds from the ATM stock sale. The company now holds 846,842 total bitcoin with an aggregate purchase price of $64.07 billion and an average cost basis of $75,656 per coin, indicating the recent purchases were made below the company's historical average cost.
Added in current filing · verify on EDGAR →
As of June 14, 2026, the balance of the USD Reserve is $1.1 Billion. This amount includes expected cash proceeds from shares sold under Strategy’s ATM that had not yet settled as of such date.
Strategy's USD Reserve, established to support preferred stock dividend payments and debt interest obligations, stands at $1.1 billion as of June 14, 2026. This balance includes unsettled proceeds from recent ATM stock sales.
Event · Item 7.01 — Regulation FD Disclosure
Item 7.01 — Regulation FD Disclosure filed; see Key Changes for terms.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
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.
Strategy Inc announced it maintains a public dashboard on its website to comply with Regulation FD disclosure requirements. The dashboard provides information on security prices, bitcoin purchases and holdings, key performance indicators, and other supplemental information. This creates a formal disclosure channel for investors to access material company information.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jun 17, 2026 · How we verify