Strategy Inc Raises $333.7 Million Through Common Stock Sales, Bitcoin Holdings Unchanged
The bitcoin treasury company sold 3.5 million shares while maintaining its 840,447 BTC position and repurchasing $132 million in preferred stock.
Share Issuance Continues
Strategy Inc disclosed in an 8-K filing Monday that it sold 3,458,866 shares of Class A common stock during the week ending August 16, 2026, generating $333.7 million in net proceeds through its at-the-market offering program (8-K filing, 2026-08-17). The transaction leaves $21.7 billion in capacity remaining under the company's ATM programs.
The proceeds were allocated across three primary uses: $149.1 million to increase the company's USD Reserve, $132.2 million for preferred stock repurchases, and $52.4 million to fund dividends on the company's STRC Stock (8-K filing, 2026-08-17).
The available capacity reflects both the current offering and a $21 billion program announced March 23, 2026, which the company indicated may begin once the existing offering is substantially depleted (8-K filing, 2026-08-17).
Bitcoin Position Holds Steady
Strategy reported no bitcoin purchases or sales during the week, maintaining its aggregate holdings at 840,447 BTC with a total cost basis of $63.36 billion and an average purchase price of $75,385 per bitcoin (8-K filing, 2026-08-17).
The lack of bitcoin activity marks a pause in acquisitions for the company, which has built one of the largest corporate bitcoin treasuries through a strategy of raising capital via equity and debt offerings to purchase the cryptocurrency.
Repurchase Activity
The company repurchased 1,388,720 shares of its 10.00% Series A Perpetual Strife Preferred Stock for $132.2 million during the reporting period (8-K filing, 2026-08-17). This activity occurred under the Digital Credit Securities Repurchase Program announced June 29, 2026, which retains $653 million in remaining capacity.
A separate repurchase program for MSTR Stock, also announced June 29, maintains its full $1.0 billion in available capacity, indicating no buybacks of common stock have yet occurred under that authorization (8-K filing, 2026-08-17).
USD Reserve Grows
Strategy's USD Reserve, which the company maintains to support dividend payments on preferred stock and interest on outstanding debt, stood at $4.80 billion as of August 16, 2026 (8-K filing, 2026-08-17). This figure includes expected cash proceeds from shares sold but not yet settled as of that date.
The reserve balance reflects the $149.1 million allocation from the week's ATM proceeds, partially offset by the $52.4 million used for STRC Stock dividends (8-K filing, 2026-08-17).
Company Context
Strategy Inc, with a market capitalization of approximately $38 billion, closed at $97.68 per share on its most recent trading day. According to MarginX data, the company is expected to report third-quarter 2026 results on October 30, 2026.
The filing notes that Strategy maintains a public dashboard on its website as a disclosure channel for providing information on market prices, bitcoin holdings, and key performance metrics in compliance with Regulation FD requirements (8-K filing, 2026-08-17).
This article was generated by MarginX from the 8-K filing on 2026-08-17. It is not investment advice.