secwatch.observer — SEC 8-K summary
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Issuer:     Strategy Inc (MSTR)
CIK:        0001050446
Form:       8-K
Filed at:   2026-04-06T23:59:59+00:00
Accession:  0001193125-26-142925
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 8.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050446/000119312526142925/0001193125-26-142925-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050446/000119312526142925/mstr-20260406.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-142925

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