secwatch.observer — SEC 8-K summary
======================================

Issuer:     Strategy Inc (MSTR)
CIK:        0001050446
Form:       8-K
Filed at:   2026-02-05T23:59:59+00:00
Accession:  0001050446-26-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050446/000105044626000012/0001050446-26-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050446/000105044626000012/mstr-20260205.htm
  HTML page:      https://secwatch.observer/filing/0001050446-26-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer