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

Issuer:     Strategy Inc (MSTR)
CIK:        0001050446
Form:       8-K
Filed at:   2025-12-08T23:59:59+00:00
Accession:  0001193125-25-310607
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Strategy raises $963M via ATM, buys 10,624 BTC in week
------------------------------------------------------

- Sold 442,536 STRD preferred ($44.3M notional) and 5.13M MSTR shares, net proceeds $928.1M and $34.9M respectively.
- Total ATM net proceeds $963M; BTC purchases funded by these proceeds.
- Acquired 10,624 BTC at avg $90,615; total holdings 660,624 BTC ($49.35B cost, avg $74,696)
- Remaining ATM availability: STRF $1.64B, STRC $4.04B, STRK $20.34B, STRD $4.10B, MSTR $13.45B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050446/000119312525310607/0001193125-25-310607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050446/000119312525310607/mstr-20251117.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-310607

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