Strategy Inc.

08/24/2026 | Press release | Distributed by Public on 08/24/2026 06:00

Regulation FD Disclosure (Form 8-K)

Item 8.01 Other Events.

Digital Credit Capital Framework Update

On August 24, 2026, Strategy Inc ("Strategy" or the "Company") announced the establishment of "USD Cash," a new component of its Digital Credit Capital Framework. USD Cash is a separately designated pool of U.S. dollar liquidity that the Company may retain for future deployment for general Bitcoin Treasury Company purposes, which may include acquiring bitcoin, paying declared cash dividends on Strategy's preferred stock and interest on its outstanding indebtedness, repurchasing Strategy's MSTR Stock or preferred stock, repaying, repurchasing or redeeming Strategy's outstanding convertible notes, increasing the USD Reserve, and other similar Bitcoin Treasury Company purposes.

The existing USD Reserve policy is unchanged. The Company's U.S. dollar reserve ("USD Reserve") remains designated to support payment of preferred stock dividends and interest on outstanding indebtedness. USD Cash complements the USD Reserve by providing management with a more flexible source of liquidity for the purposes described above. This additional flexibility is intended to allow management to respond more quickly to market conditions, including dislocations in the markets for bitcoin or Strategy's securities.

For information regarding the Digital Credit Capital Framework, see the Company's Current Report on Form 8-K filed with the SEC on June 29, 2026.

USD Reserve and USD Cash Updates

As of August 23, 2026, the balances of the USD Reserve and USD Cash were as follows:

•
USD Reserve: $5.10 billion
•
USD Cash: $1.59 billion

These amounts include expected cash proceeds from shares sold under Strategy's ATM (defined below) that had not yet settled as of such date.

ATM Update

On August 24, 2026, Strategy announced an update with respect to sales made under its at-the-market offering program ("ATM") of the following securities:

During Period August 17, 2026 to August 23, 2026

As of August 23, 2026

Security

Shares Sold (1)

Notional Value (in millions) (2)

Net Proceeds (in millions) (3)

Available for Issuance and Sale (in millions)

STRF Stock

-

$

-

$

-

$

1,619.3

10.00% Series A Perpetual Strife Preferred Stock

STRC Stock

-

$

-

$

-

$

17,510.8

Variable Rate Series A Perpetual Stretch Preferred Stock

STRK Stock

-

$

-

$

-

$

2,100.0

8.00% Series A Perpetual Strike Preferred Stock

STRD Stock

-

$

-

$

-

$

4,014.8

10.00% Series A Perpetual Stride Preferred Stock

MSTR Stock

18,261,118

$

-

$ 2,006.5 (4)

$

19,694.2

Class A Common Stock

Total

$

2,006.5

(1) Includes shares sold but not yet settled as of August 21, 2026.

(2) The total face value of the shares of preferred stock sold, which is used to calculate dividends thereon.

(3) Net proceeds are presented net of sales commission.

(4) $136.4 million in net proceeds from MSTR Stock sales were used to fund repurchases of STRC Stock under the Digital Credit Securities Repurchase Program (defined below), $300.0 million in net proceeds from MSTR Stock sales were used to increase the USD Reserve, and the remaining net proceeds from MSTR Stock sales were used to increase the USD Cash liquidity account.

BTC Update

On August 24, 2026, Strategy announced updates with respect to its bitcoin holdings:

During Period August 17, 2026 to August 23, 2026

As of August 23, 2026

BTC Purchased / (Sold) (1)

Aggregate Purchase / (Sale) Price (in millions) (2)

Average Purchase / (Sale) Price (2)

Aggregate BTC Holdings

Aggregate Purchase Price (in billions) (2)

Average Purchase Price (2)

-

$

-

$

-

840,447

$

63.36

$

75,385

(1) No bitcoin purchases or sales were made this week.

(2) Aggregate and average purchase prices are inclusive of fees and expenses; aggregate and average sale prices are net of fees and expenses.

Repurchase Program Updates

On August 24, 2026, Strategy announced an update with respect to its share repurchase program of the following securities:

During Period August 17, 2026 to August 23, 2026

Security

Shares Repurchased

Aggregate Purchase Price (in millions)

STRF Stock (1)

-

$

-

10.00% Series A Perpetual Strife Preferred Stock

STRC Stock (1)

1,431,212

$

136.4

Variable Rate Series A Perpetual Stretch Preferred Stock

STRK Stock (1)

-

$

-

8.00% Series A Perpetual Strike Preferred Stock

STRD Stock (1)

-

$

-

10.00% Series A Perpetual Stride Preferred Stock

MSTR Stock (2)

-

$

-

Class A Common Stock

Total

1,431,212

$

136.4

(1) $516.6 million aggregate purchase price of Strategy's preferred stock remains available under the digital credit securities repurchase program ("Digital Credit Securities Repurchase Program") previously announced on June 29, 2026.

(2) $1.0 billion aggregate purchase price of MSTR Stock remains available under the MSTR Stock repurchase program previously announced on June 29, 2026.

Strategy Inc. published this content on August 24, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on August 24, 2026 at 12:01 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]