---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-283991"
form_type: "8-K"
ticker: "MSTR"
cik: "0001050446"
company_name: "Strategy Inc"
filed_at: "2025-11-17T23:59:59+00:00"
generated_at: "2026-05-16T19:05:03.105469+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Strategy updates ATM sales ($136.1M), completes €620M STRE offering, acquires 8,178 BTC

## Summary
- ATM sales Nov 10-16: total $136.1M notional from STRF ($4M), STRC ($131.4M), STRK ($0.6M); no MSTR or STRD issued.
- Completed STRE offering of 7.75M shares at €80 each; gross proceeds €620M (~$716.8M), net ~€608.8M (~$703.9M).
- Acquired 8,178 BTC for $835.6M at avg $102,171; total BTC holdings now 649,870 at avg $74,433.

## SEC filing metadata
- accession: 0001193125-25-283991
- form_type: 8-K
- ticker: MSTR
- cik: 0001050446
- company_name: Strategy Inc
- filed_at: 2025-11-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050446/000119312525283991/0001193125-25-283991-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050446/000119312525283991/mstr-20251117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-283991
- JSON: https://secwatch.observer/filing/0001193125-25-283991.json
- Plain text: https://secwatch.observer/filing/0001193125-25-283991.txt

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