Business Context and Reporting Period
Strategy Inc filed a Form 8-K Current Report on September 14, 2026, covering events from September 8, 2026, to September 13, 2026. The company operates as a Bitcoin Treasury Company, maintaining a portfolio of bitcoin and various classes of preferred and common stock.
Key Financial Metrics and Holdings
- Bitcoin Holdings: As of September 13, 2026, Strategy holds approximately 845,050 bitcoin.
- Bitcoin Cost Basis: Aggregate purchase price of $63.73 billion; average purchase price of approximately $75,412 per bitcoin (inclusive of fees).
- Liquidity Positions:
- USD Reserve: $5.10 billion (intended for dividend and interest payments).
- USD Cash: $1.30 billion (available for general purposes including bitcoin acquisition).
- Repurchase Activity: During the reporting period, the company repurchased 1,420,467 shares of STRC (Variable Rate Series A Perpetual Stretch Preferred Stock) for an aggregate price of $139.3 million.
Material Changes and Activity
During the week of September 8 to September 13, 2026:
- Bitcoin Transactions: No bitcoin was purchased or sold.
- ATM Program: No shares were sold under the at-the-market offering program.
- Share Repurchases: Activity was limited to STRC preferred stock. No repurchases occurred for STRF, STRK, STRD, or MSTR common stock.
- Cash Deployment: $139.3 million of USD Cash was utilized to fund the STRC repurchases.
Outlook, Programs, and Risks
Repurchase Program Availability:
- Preferred Stock: $1.05 billion remains available under the digital credit securities repurchase program.
- Common Stock (MSTR): $1.0 billion remains available under the MSTR Stock repurchase program.
Disclosure Channel: The company directs investors to its website dashboard for real-time updates on market prices, bitcoin holdings, and key performance indicators.
Risks and Contingencies: The filing does not explicitly detail new risks or contingencies beyond standard capital management activities. The company maintains specific reserves to support dividend and interest obligations.
Investor Verification Checklist
- Verify the current market price of bitcoin against the company's average cost basis of $75,412 to assess unrealized gains or losses.
- Confirm the dividend rates and payment schedules for the STRC preferred stock recently repurchased.
- Monitor the USD Reserve balance ($5.10 billion) relative to upcoming dividend and interest payment obligations.
- Review the Strategy Inc website dashboard for any unfiled updates on bitcoin acquisition or liquidity changes.