secwatch.observer — SEC 8-K summary
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Issuer:     Strategy Inc (MSTR)
CIK:        0001050446
Form:       8-K
Filed at:   2026-10-05T12:00:15+00:00
Accession:  0001193125-26-413164
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01, 7.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Strategy estimates $20.91B Q3 digital asset gain; holds 848,000 BTC and reverses $4.12B tax allowance
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- Q3 2026 estimate: $20.91B gain on digital assets and $1.88B deferred tax expense; digital asset carrying value was $70.82B as of Sept. 30, 2026.
- Reversed $4.12B deferred tax asset and released related valuation allowance, creating approx. $4.12B income tax benefit and cutting estimated deferred tax expense from ~$6.00B to $1.88B.
- Bitcoin holdings were 848,000 BTC at Oct. 4, 2026, aggregate purchase price $63.97B and average $75,440.7; Oct. 1-4 purchases were 334 BTC for $28.7M at $85,838.8 average.
- ATM: sold 92,894 MSTR shares Oct. 1-4 for $15.7M net, used to buy bitcoin; no STRF/STRC/STRK/STRD sales; $18.83B MSTR and $1.62B STRF issuance capacity remains.
- Repurchased 1,033,168 STRC shares for $102.6M Sept. 28-30 and 740,634 for $73.7M Oct. 1-4; $547.2M preferred buyback capacity and $1.0B MSTR buyback remain; USD Reserve $4.88B, USD Cash $833.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050446/000119312526413164/0001193125-26-413164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050446/000119312526413164/mstr-20261005.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-413164

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