MSTR

Summary generating — check back in a moment.

Summary generating — check back in a moment.

Strategy disclosed its weekly ATM and bitcoin activity update for May 26-31, 2026: it sold 801,994 shares of MSTR common stock for $128.3 million in net proceeds, sold 32 BTC for $2.5 million (proceeds earmarked for preferred dividends), and holds 843,706 BTC at an average cost of $75,699. The board declared quarterly cash dividends payable June 30 on STRF ($2.50), STRK ($2.00), STRD ($2.50), and STRE (EUR 2.50), plus a monthly STRC dividend at the maintained 11.50% annual rate; the USD Reserve stood at $900 million as of May 31.

Strategy disclosed its weekly bitcoin and ATM update: no shares were sold and no bitcoin was purchased during May 18-25, 2026, leaving total holdings at 843,738 BTC acquired at an average cost of ~$75,700 per coin ($63.87 billion aggregate). The USD Reserve, established to fund preferred dividends and debt interest, stood at $871 million as of May 25, 2026.

For the week of May 11–17, 2026, Strategy sold 19,519,801 shares of STRC (Variable Rate Series A Perpetual Stretch Preferred Stock) for $1.949B in net proceeds and 430,344 shares of MSTR common stock for $83.7M, bringing total ATM net proceeds for the period to ~$2.03B. Separately, Strategy acquired 24,869 BTC for ~$2.01B (~$80,985 average price), bringing total holdings to 843,738 BTC at an aggregate cost of $63.87B ($75,700 average).

Strategy Inc entered into privately negotiated transactions on May 14, 2026 to repurchase approximately $1.50 billion aggregate principal amount of its 0% Convertible Senior Notes due 2029 for an estimated cash consideration of approximately $1.38 billion, funded via cash reserves, ATM offering proceeds, and/or bitcoin sales, with settlement expected around May 19, 2026 and cancellation of the repurchased notes thereafter, leaving roughly $1.50 billion of the 2029 Notes still outstanding.

For the week of May 4–10, 2026, Strategy sold 231,324 shares of MSTR Class A common stock raising $42.9M net and 1,412 shares of STRC preferred raising $0.1M, deploying the combined ~$43M proceeds to acquire 535 additional bitcoin at an average price of $80,340, bringing total holdings to 818,869 BTC at an aggregate cost basis of ~$61.86B ($75,540 average). STRF, STRK, and STRD ATM programs had zero sales during the period, with $1.62B, $2.1B, and $4.01B remaining capacity respectively.

Strategy's Q1 2026 financial narrative is dominated almost entirely by bitcoin accumulation mechanics rather than operating performance. The company purchased 89,599 BTC during Q1 2026 for approximately $7.25 billion, funded almost entirely through ATM equity issuances: $5.19 billion from class A common stock and $2.06 billion from STRC preferred stock, with no new debt raised in the quarter. Total BTC holdings reached 762,099 at quarter-end, with a carrying value of $51.6 billion, down sharply from $58.9 billion at year-end 2025 due to a $14.46 billion unrealized mark-to-market loss as bitcoin fell from roughly $95K to $67.8K during the quarter, partially offset by a $2.42 billion deferred tax benefit. The BTC Yield KPI for Q1 2026 came in at 3.3%, translating to a BTC Gain of approximately 22,049 coins and a BTC $ Gain of roughly $1.5 billion based on the quarter-end price. The enterprise analytics software segment, while still operationally active with the Strategy One and Strategy Mosaic platforms, is clearly a secondary priority. Revenue from software is not broken out with growth commentary in this section; the MD&A allocates the vast majority of its analytical attention to bitcoin capital markets activity. The company raised $7.36 billion in Q1 2026 across equity instruments and disclosed $27.2 billion in remaining ATM capacity for class A common stock and $22.7 billion for STRC Stock as of March 31, 2026, signaling that the capital raise and BTC accumulation engine remains wide open. From April 1 to April 26, 2026, an additional $4.24 billion was raised via ATMs, and total BTC holdings had grown to approximately 818,334 coins with a market value of $64 billion by April 26. Management's thesis is straightforward: the business exists to grow bitcoin per diluted share faster than it dilutes equity, and it frames this through BTC Yield, BTC Gain, and BTC $ Gain metrics. Notably, management itself discloses significant limitations in these KPIs, acknowledging that preferred dividends, non-convertible debt, and instruments not converting into equity create senior claims on bitcoin assets that are invisible in the per-share metrics. The USD Reserve, maintained to service preferred dividends and convertible note interest, adds a structural liquidity cost layer. With over $57.7 billion in BTC cost basis against $51.6 billion in carrying value at quarter-end, the portfolio is currently underwater on a cost basis, and the degree to which future BTC price recovery drives reported earnings and book value is the dominant financial variable in this story.

Strategy Inc. (formerly MicroStrategy) reported Q1 2026 financial results via press release on May 5, 2026; the filing also references the company's public dashboard for ongoing Regulation FD disclosures on bitcoin holdings, KPIs, and potential changes to the terms of the Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), including possible dividend rate adjustments.

Strategy's weekly ATM update for April 27–May 3, 2026 shows zero shares sold across all preferred series (STRF, STRC, STRK, STRD), while 492,210 MSTR common shares were sold for $82.0M net proceeds, leaving $26.4B of MSTR capacity remaining (inclusive of the $21B March 2026 increase). No bitcoin was purchased during the period; total BTC holdings stand at 818,334 BTC acquired at an average cost of $75,537, aggregate cost basis $61.81B.