---
schema_version: "secwatch.filing_event.v1"
accession: "0001050446-26-000024"
form_type: "8-K"
ticker: "MSTR"
cik: "0001050446"
company_name: "Strategy Inc"
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:09:22.512638+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Strategy Inc posts $12.54B net loss in Q1; bitcoin holdings reach 818,334 BTC

## Summary
- Net loss $12.54B ($38.25 diluted EPS); operating loss $14.47B includes $14.46B unrealized digital asset loss.
- Revenue $124.3M (+11.9% YoY); gross profit $83.4M (67.1% margin).
- Bitcoin holdings 818,334 BTC as of May 3; BTC Yield 9.4% YTD; BTC $ Gain $4.97B YTD.
- ATM proceeds $11.68B YTD; STRC raised $5.58B YTD (189% growth); cumulative dividends $692.5M.
- Expects distributions as non-taxable return of capital; proposed semi-monthly STRC dividend frequency.

## SEC filing metadata
- accession: 0001050446-26-000024
- form_type: 8-K
- ticker: MSTR
- cik: 0001050446
- company_name: Strategy Inc
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050446/000105044626000024/0001050446-26-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050446/000105044626000024/mstr-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001050446-26-000024
- JSON: https://secwatch.observer/filing/0001050446-26-000024.json
- Plain text: https://secwatch.observer/filing/0001050446-26-000024.txt

## Source-grounded claims
- claim_id: db883c14cbb853357a8c9bba26d119bce06b884d
  claim: Strategy Inc reported first quarter of 2026 results: revenue $124.3 million, net income $12.54 billion, EPS $38.25 per common share on a diluted basis.
  evidence_excerpt: the Company had cash and cash equivalents of $2.21 billion, as compared to $2.30 billion as of December 31, 2025. Revenues: Total revenues for the first quarter of 2026 were $124.3 million, compared to total revenues of $111.1 million for the first quarter of 2025, a 11.9% increase year-over-year, Gross Profit: Gross profit for the first quarter of 2026 was $83.4
  evidence_url: https://www.sec.gov/Archives/edgar/data/1050446/000105044626000024/0001050446-26-000024-index.htm

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