---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-142925"
form_type: "8-K"
ticker: "MSTR"
cik: "0001050446"
company_name: "Strategy Inc"
filed_at: "2026-04-06T23:59:59+00:00"
generated_at: "2026-05-15T07:12:50.557408+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Strategy reports $14.46B unrealized loss on digital assets for Q1 2026

## Summary
- Unrealized loss of $14.46B on digital assets for Q1 2026; deferred tax benefit of $2.42B.
- Digital asset carrying value $51.65B as of March 31; cost basis above fair value triggered $1.73B valuation allowance.
- Additional $0.5B valuation allowance expected on software deferred tax assets due to bitcoin price decline.
- ATM sales April 1-5: 1,027,255 STRC shares ($102.7M notional) and 593,294 MSTR shares ($72M net proceeds).
- Acquired 4,871 BTC April 1-5 at avg $67,718; total holdings 766,970 BTC with avg purchase price $75,644.

## SEC filing metadata
- accession: 0001193125-26-142925
- form_type: 8-K
- ticker: MSTR
- cik: 0001050446
- company_name: Strategy Inc
- filed_at: 2026-04-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050446/000119312526142925/0001193125-26-142925-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050446/000119312526142925/mstr-20260406.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-142925
- JSON: https://secwatch.observer/filing/0001193125-26-142925.json
- Plain text: https://secwatch.observer/filing/0001193125-26-142925.txt

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