Strategy Inc filed a current report on Form 8-K with the SEC on September 8, 2026, disclosing its bitcoin holdings, at-the-market offering activity, a repurchase program authorization increase, and updates to its USD Reserve and USD Cash balances for the period ending September 7, 2026.

Key Highlights

  • Bitcoin holdings: Strategy holds approximately 845,050 bitcoin as of September 7, 2026, acquired at an aggregate purchase price of $63.73 billion and an average purchase price of approximately $75,412 per bitcoin, inclusive of fees and expenses.
  • No ATM or bitcoin activity: During August 31 to September 7, 2026, Strategy did not sell any shares under its at-the-market offering program and did not purchase or sell any bitcoin.
  • Repurchase program expanded: The board approved an increase in the Digital Credit Securities Repurchase Program authorization from $1.0 billion to $2.0 billion, inclusive of commissions, fees, expenses, and prior repurchases.
  • STRC shares repurchased: Strategy repurchased 1,810,885 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) at an aggregate purchase price of $176.3 million during the reporting period.
  • USD Reserve and USD Cash: As of September 7, 2026, the USD Reserve balance was $5.10 billion and USD Cash was $1.44 billion.
  • Remaining repurchase capacity: $1.19 billion remained available under the Digital Credit Securities Repurchase Program, and $1.0 billion remained available under the MSTR Stock repurchase program.

Strategy Inc Discloses Bitcoin Position, Capital Activity, and Expanded Repurchase Authorization

According to the filing, Strategy Inc (NASDAQ:MSTR) is a Delaware-incorporated company headquartered at 1850 Towers Crescent Plaza, Tysons Corner, Virginia, that operates as a Bitcoin Treasury Company and maintains multiple classes of publicly traded securities on The Nasdaq Global Select Market. The company's capital framework includes preferred stock instruments, Class A Common Stock, and bitcoin holdings funded through various capital market activities.

The filing disclosed that Strategy's board of directors approved increasing the aggregate purchase price authorized under its Digital Credit Securities Repurchase Program from $1.0 billion to $2.0 billion. The company reported that, as of September 7, 2026, $1.19 billion of that authorization remained available. The sole repurchase activity during the August 31 to September 7, 2026 period consisted of 1,810,885 shares of STRC Stock repurchased at an aggregate purchase price of $176.3 million, funded from USD Cash. No shares of STRF, STRK, STRD, or MSTR Class A Common Stock were repurchased during that period.

The filing also described Strategy's two-part liquidity structure. According to the filing, the USD Reserve is "intended to support the payment of dividends on Strategy's preferred stock and interest on its outstanding indebtedness," while USD Cash is maintained by management "to deploy for broader general Bitcoin Treasury Company purposes, which may include acquiring bitcoin, expanding the USD Reserve, broader capital management uses, and other similar purposes." The $176.3 million used to repurchase STRC Stock during the period was drawn from USD Cash, leaving balances of $5.10 billion in the USD Reserve and $1.44 billion in USD Cash as of September 7, 2026.

What Was Disclosed

Strategy Inc reported no bitcoin transactions and no ATM share sales for the week ending September 7, 2026, disclosed its total bitcoin holdings and cost basis, announced a doubled repurchase program ceiling for digital credit securities, and provided current balances for its USD Reserve and USD Cash positions.