{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-170550","form_type":"8-K","ticker":"MSTR","cik":"0001050446","company_name":"Strategy Inc","filed_at":"2025-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.203347+00:00","generated_at":"2026-05-17T22:07:35.820896+00:00","sec_items":["8.01","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Strategy announces $4.2B at-the-market offering of STRC preferred stock","bullets":["Strategy entered into sales agreement for up to $4.2B of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), issued at the market.","Authorized shares of STRC increased to 70,435,353 via Certificate of Increase.","Net proceeds intended for general corporate purposes, including bitcoin acquisition and working capital, and possible preferred dividend payments.","Agents include TD Securities, Barclays, Benchmark Company, Clear Street, Morgan Stanley; commissions up to 2.0%.","No obligation to sell any shares; sales may be suspended by either party."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-170550","json":"https://secwatch.observer/filing/0001193125-25-170550.json","markdown":"https://secwatch.observer/filing/0001193125-25-170550.md","text":"https://secwatch.observer/filing/0001193125-25-170550.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1050446/000119312525170550/0001193125-25-170550-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1050446/000119312525170550/d83620d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T22:07:35.820896+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3a38ab9ebac9412fc140bcb4d8248ceb2abbe1bb","claim":"Strategy Inc: Increased authorized shares of STRC Stock to 70,435,353 shares via Certificate of Increase (effective 2025-07-31).","evidence_excerpt":"On July 31, 2025, the Company filed a Certificate of Increase of STRC Stock (the “Certificate of Increase”) to certify the authorization to increase the number of authorized shares of its STRC Stock to 70,435,353 shares.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1050446/000119312525170550/0001193125-25-170550-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-07-31"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}