secwatch.observer — SEC 8-K summary
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Issuer:     Strategy Inc (MSTR)
CIK:        0001050446
Form:       8-K
Filed at:   2025-12-22T23:59:59+00:00
Accession:  0001193125-25-327598
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Strategy sold 4.5M shares via ATM for $748M net; BTC holdings flat; USD Reserve grows to $2.19B
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- Sold 4,535,000 shares of Class A common stock via ATM Dec 15-21, net proceeds $747.8M.
- No bitcoin purchases; holdings unchanged at 671,268 BTC, avg purchase price $74,972.
- USD Reserve balance increased to $2.19B from initial $1.44B established Dec 1, 2025.
- Remaining ATM availability $11.81B for common stock; no preferred stock sold this period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050446/000119312525327598/0001193125-25-327598-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050446/000119312525327598/mstr-20251117.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-327598

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