Overview

• An SEC Form 8-K shows Strategy bought 3,081 BTC between Aug. 18–24 for about $356.9 million at an average price of $115,829, lifting holdings to 632,457 BTC purchased for roughly $46.5 billion at an average of $73,527.
• The buy was funded primarily by roughly $310 million of common stock sold via ATM programs, plus preferred sales including about $21 million of SRTK, $23.7 million of STRF, and $0.1 million of STRD.
• The company relaxed a recent mNAV-based constraint on issuing common shares and resumed equity sales, a shift that drew backlash as MSTR fell more than 4% in premarket trading Monday.
• August buying slowed materially, totaling about 3,666 BTC versus more than 31,000 BTC acquired in July 2025.
• Strategy retains authority to issue up to $16.7 billion more in common stock under its ATM program, preserving capacity to fund additional Bitcoin purchases.