---
schema_version: "secwatch.filing_event.v1"
accession: "0001050446-26-000012"
form_type: "8-K"
ticker: "MSTR"
cik: "0001050446"
company_name: "Strategy Inc"
filed_at: "2026-02-05T23:59:59+00:00"
generated_at: "2026-05-16T04:15:56.605820+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Strategy Inc posts Q4 net loss of $12.4B; holds 713,502 BTC; updates STRC dividend framework

## Summary
- Operating loss of $17.4B on $17.4B unrealized digital asset loss; net loss $12.4B ($42.93 diluted EPS).
- Bitcoin holdings of 713,502 BTC as of Feb 1, 2026; BTC Yield of 22.8% for FY2025.
- Total revenue of $123M (+1.9% YoY); subscription services rev $51.8M (+62.1%).
- STRC scaled to $3.4B stated amount, current dividend rate 11.25%; USD Reserve $2.25B (2.5 yrs coverage).
- New STRC dividend adjustment framework uses monthly VWAP bands to keep price near $100/share.

## SEC filing metadata
- accession: 0001050446-26-000012
- form_type: 8-K
- ticker: MSTR
- cik: 0001050446
- company_name: Strategy Inc
- filed_at: 2026-02-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050446/000105044626000012/0001050446-26-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050446/000105044626000012/mstr-20260205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001050446-26-000012
- JSON: https://secwatch.observer/filing/0001050446-26-000012.json
- Plain text: https://secwatch.observer/filing/0001050446-26-000012.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.