Strategy Inc. Announces Significant Updates: Preferred Stock Sales and Bitcoin Holdings

Key Highlights from the March 23, 2026 8-K Filing

• Update on At-the-Market (ATM) Offering Program: Substantial sales of preferred stock noted, with net proceeds and notional values disclosed.
• New Preferred Stock Issuances: Multiple classes of preferred stock were sold, and details provided on new securities registered on the Nasdaq Global Select Market.
• Bitcoin Holdings Update: Strategy Inc. provided a new update on its bitcoin treasury reserves, a critical market-sensitive disclosure.
• Ongoing Disclosure Commitment: Strategy Inc. maintains a real-time dashboard for investors with market-sensitive information, including securities prices and bitcoin holdings.

Details of the ATM Offering and Securities Sales

On March 23, 2026, Strategy Inc. (formerly known as MicroStrategy Inc.) announced updates on its ongoing at-the-market (ATM) offering program. The company listed several securities under the program, including:

• 10.00% Series A Perpetual Strife Preferred Stock (STRF)
• Variable Rate Series A Perpetual Stretch Preferred Stock (STRC)
• 8.00% Series A Perpetual Strike Preferred Stock (STRK)
• 10.00% Series A Perpetual Stride Preferred Stock (STRD)
• Class A Common Stock (MSTR)

All these securities are registered and traded on the Nasdaq Global Select Market, which enhances liquidity and visibility for investors.

Sales and Proceeds

Note: The notional value represents the total face value of the preferred shares sold, which forms the basis for calculating dividends. Net proceeds are shown after deducting sales commissions. These large capital-raising transactions are potentially price-sensitive, as they impact both the capital structure and the potential dilution for common shareholders.

Bitcoin Holdings Update

Consistent with its ongoing strategy, Strategy Inc. has provided fresh disclosures regarding its bitcoin holdings. These updates include aggregate and average purchase prices (inclusive of all fees and expenses), underscoring the company’s continued commitment to holding bitcoin as a treasury reserve asset. While precise figures were not detailed in this filing, any significant changes to the size or value of bitcoin holdings are typically price-sensitive due to the correlation between Strategy Inc.’s share price and the performance of bitcoin.

Ongoing Disclosure and Transparency

Strategy Inc. highlights its real-time dashboard available at www.strategy.com, serving as a primary channel for broad and non-exclusive distribution of market-moving information. This dashboard includes key metrics such as:

• Market prices of its outstanding securities
• Up-to-date bitcoin purchases and holdings
• Other relevant key performance indicators and supplemental disclosures

This commitment to ongoing, real-time disclosure is critical for investors who wish to monitor factors that may affect the company’s valuation.

Regulatory Notes and Shareholder Considerations

• No indication that Strategy Inc. is an emerging growth company, which means the company is subject to full disclosure and compliance requirements under the Securities Act and Exchange Act.
• The company is not currently involved in pre-commencement tender offers, nor is it filing as a result of written communications or soliciting material related to mergers or acquisitions.
• Shareholders should be attentive to potential dilution from ongoing ATM offerings and new preferred stock issuances, as these can directly affect share value and dividend distributions.

Conclusion

Investor Impact: The ongoing sale of new classes of preferred stock, especially at significant notional values, and the company’s ongoing bitcoin strategy may both be highly price-sensitive. The ATM program provides liquidity and capital for the company but may result in dilution or changes to the capital structure that investors should factor into their valuations. Strategy Inc.’s bitcoin holdings continue to represent a significant and market-moving aspect of its financial profile.

Actionable for Investors: Monitor the company’s dashboard and public filings for real-time updates on securities sales and bitcoin treasury activity. These disclosures can have an immediate impact on share price, especially in times of market volatility or significant crypto price movements.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with professional advisors before making any investment decisions. The author and publisher are not responsible for any actions taken based on this information.

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