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

Issuer:     Strategy Inc (MSTR)
CIK:        0001050446
Form:       8-K
Filed at:   2025-07-29T23:59:59+00:00
Accession:  0001193125-25-167987
Event type: debt
Sentiment:  positive
Materiality: 0.90
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Strategy closes $2.521B STRC preferred stock IPO; proceeds used to buy 21,021 bitcoins
--------------------------------------------------------------------------------

- Gross proceeds of $2.521B from 28,011,111 STRC shares at $90/share; net ~$2.474B.
- STRC begins trading on Nasdaq July 30 under ticker STRC; initial monthly dividend rate 9% per annum, adjustable by board.
- Net proceeds used to acquire 21,021 bitcoins at ~$117,256/BTC; total BTC holdings reach ~628,791 at avg $73,227.
- STRC is variable-rate perpetual preferred, senior to common/STRK/STRD but junior to STRF and debt; monthly dividends adjustable by board.
- Certificates of Increase filed for STRK (to 269.8M), STRF (33.2M), STRD (61.1757M) shares under ATM programs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050446/000119312525167987/0001193125-25-167987-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050446/000119312525167987/d43815d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-167987

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