---
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"
generated_at: "2026-05-17T22:07:35.820896+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Strategy announces $4.2B at-the-market offering of STRC preferred stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-170550
- JSON: https://secwatch.observer/filing/0001193125-25-170550.json
- Plain text: https://secwatch.observer/filing/0001193125-25-170550.txt

## Key facts
- Governance Changes
  Strategy Inc: Increased authorized shares of STRC Stock to 70,435,353 shares via Certificate of Increase (effective 2025-07-31).
  - Change: charter amendment
  - Effective: 2025-07-31
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1050446/000119312525170550/0001193125-25-170550-index.htm

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