Summary of Key Points

• Strategy Inc. (formerly MicroStrategy Inc.) issued an update on its At-The-Market (ATM) offering program, detailing recent securities sales.
• The filing includes Regulation FD Disclosure and Other Events which may be material and price-sensitive for shareholders.
• Significant preferred stock offerings under multiple series, including new classes and trading symbols listed on the Nasdaq Global Select Market.
• Detailed breakdown of shares sold, notional values, net proceeds, and remaining availability for further issuance.
• Strategy Inc. maintains a real-time dashboard on its website to disclose key information, including bitcoin holdings and market prices, emphasizing transparency to the public and investors.

ATM Offering Program – Details

On June 8, 2026, Strategy Inc. announced an update regarding its ATM offering program, which includes sales of several types of securities:

Note: Shares sold includes those not yet settled as of June 5, 2026. Notional values represent total face value used to calculate dividends. Net proceeds are after sales commission.

Important Shareholder Information & Price Sensitivity

• New Preferred Stock Classes:
  The introduction and sale of multiple new preferred stock series with high coupon rates (8-10%) is a major capital raise. This could affect the company’s capital structure, dividend obligations, and may dilute common shareholder value.
• ATM Program Proceeds:
  The scale of the ATM program (billions in notional value) is significant, potentially funding growth, acquisitions, or further bitcoin purchases. This size of capital raise and the associated dilution is typically highly price sensitive.
• Transparency and Ongoing Updates:
  The company uses its website dashboard as an official channel for real-time updates on bitcoin holdings, performance metrics, and other disclosures. Investors should monitor this for material events, as it may precede formal SEC filings.
• Regulation FD Disclosure:
  The information in this 8-K is provided under Regulation FD, meaning it may contain non-public, material information that could affect share prices.
• Emerging Growth Company:
  The company has indicated it is not an emerging growth company, suggesting it is subject to full reporting and accounting compliance requirements.

Additional Details

• Company Background: Strategy Inc. is the successor to MicroStrategy Inc., with a focus on crypto assets and financial services. The company is incorporated in Delaware, operates from Tysons Corner, VA, and is listed on the Nasdaq Global Select Market.
• Securities Registration: All new classes of preferred stock and common stock are registered under Section 12(b) of the Exchange Act, and are actively traded.
• Regulatory Compliance: No written communications, soliciting materials, or pre-commencement tender offers are indicated in the filing, suggesting the focus is solely on the ATM offering and related disclosures.

Potential Impact on Share Value

• Capital Raise: The sheer size of the preferred stock issuance is likely to be price sensitive. Investors should be aware of possible dilution and the impact of dividend payments on cash flow.
• Strategic Use of Funds: Proceeds may be used for various strategic purposes, including bitcoin purchases, acquisitions, or other expansion efforts. This aligns with the company’s public profile as a crypto asset-focused entity, and could drive further volatility.
• Dividend Obligations: The high coupon rates (8-10% on preferreds) introduce ongoing obligations that may affect future earnings and common shareholder returns.
• Investor Monitoring Required: The company’s use of its dashboard for timely disclosures means investors must actively monitor both SEC filings and company website updates for new material information.