Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure · Other Events
Item 8.01 Other Events. ATM Updates On July 6, 2026, Strategy Inc ("Strategy") announced that, during the period between June 29, 2026 and July 5, 2026, Strategy did not sell any shares under its at-the-market offering program.…
Strategy Inc (Nasdaq: STRF/STRC/STRK/STRD/MSTR; LuxSE: STRE) is the world’s first and largest Bitcoin Treasury Company. We pursue financial innovation strategies designed to generate value from our bitcoin holdings, including developing and issuing novel fixed-income instruments that provide investors varying degrees of economic exposure to bitcoin. In addition, we are an industry leader in AI-powered enterprise analytics software, advancing our vision of Intelligence Everywhere™. We believe our combination of active bitcoin-focused capital management and a scaled operating software business positions us for long-term value creation across both digital asset and enterprise analytics markets.
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Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events.
ATM Updates
On July 6, 2026, Strategy Inc ("Strategy") announced that, during the period between June 29, 2026 and July 5, 2026, Strategy did not sell any shares under its at-the-market offering program.
Repurchase Program Updates
On July 6, 2026, Strategy announced that, during the period between June 29, 2026 and July 5, 2026, Strategy did not purchase any shares under its share repurchase programs.
BTC Updates
On July 6, 2026, Strategy announced the following updates with respect to its bitcoin holdings:
During Period June 29, 2026 to June 30, 2026
BTC Sold Aggregate Sale Price (in millions)(2) Average Sale Price(2)
──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
1,363(1) $80.8 $59,256
As of June 30, 2026
Aggregate BTC Holdings Aggregate Purchase Price (in billions)(2) Average Purchase Price(2)
────────────────────────────────────────────────────────────────────────────────────────────────────────
846,000 $63.94 $75,578
During Period July 1, 2026 to July 5, 2026*
BTC Sold Aggregate Sale Price (in millions)(2) Average Sale Price(2)
─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
2,225(1) $135.2 $60,773
As of July 5, 2026*
Aggregate BTC Holdings Aggregate Purchase Price (in billions)(2) Average Purchase Price(2)
────────────────────────────────────────────────────────────────────────────────────────────────────────
843,775 $63.69 $75,476
*Bitcoin activity and holdings information is presented as of 4:00 p.m. Eastern Time on the last day indicated
(1) Proceeds from the bitcoin sales were used to fund payment of distributions on preferred stock and to replenish the portion of the USD reserve used for this purpose.
(2) Aggregate and average purchase prices are inclusive of fees and expenses; aggregate and average sale prices are net of fees and expenses.
USD Reserve Update
Strategy maintains a US dollar reserve (the "USD Reserve") intended to support the payment of dividends on Strategy’s preferred stock and interest on its outstanding indebtedness.
As of July 5, 2026, the balance of the USD Reserve was $2.55 billion.
On June 29, 2026, Strategy announced a BTC Monetization Program pursuant to which Strategy may sell bitcoin from time to time, including for the purpose of generating up to $1.25 billion of additional proceeds to fund the USD Reserve. As of July 5, 2026, the full amount of this capacity remains available.
Q2 2026 Financial Update
For the three months ended June 30, 2026, Strategy had a $8.32 billion loss on digital assets (including $8.31 billion of unrealized loss and $0.9 million of realized loss).
As of June 30, 2026, Strategy had $49.67 billion of digital asset carrying value.
As of June 30, 2026, the cost basis of the bitcoin held by Strategy exceeded the fair value of its bitcoin holdings. As a result, Strategy will record a valuation allowance against its deferred tax benefit and deferred tax asset associated with the unrealized loss on its bitcoin during the quarter ended June 30, 2026, offsetting these amounts in full.
The financial information set forth in this Current Report on Form 8-K has been prepared by Strategy management. Strategy’s independent registered public accounting firm, KPMG LLP, has not audited or reviewed, and does not express an opinion with respect to, such financial information.
Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Designation of Principal Accounting Officer
As previously disclosed, on June 30, 2026, Jeanine Montgomery, Strategy’s Vice President & Chief Accounting Officer and principal accounting officer, retired from Strategy. On June 29, 2026, the Board of Directors of Strategy designated Andrew Kang, Strategy’s Executive Vice President & Chief Financial Officer, as Strategy’s principal accounting officer, effective as of the close of business on June 30, 2026. Mr. Kang will receive no additional compensation in connection with his designation as principal accounting officer. Mr. Kang’s biographical information is available in Strategy’s Definitive Proxy Statement filed on April 28, 2026, which information is incorporated herein by reference. There are no arrangements or understandings between Mr. Kang and any other persons pursuant to which Mr. Kang was appointed as principal accounting officer of Strategy. In addition, there are no family relationships between Mr. Kang and any director or executive officer of Strategy, and there are no transactions involving Mr. Kang requiring disclosure under Item 404(a) of Regulation S-K.
Ms. Montgomery’s retirement and Strategy’s expectation that Mr. Kang would also serve as principal accounting officer were previously disclosed under Item 5 of Strategy’s Quarterly Report on Form 10-Q filed on May 6, 2026.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
Strategy Dashboard
Strategy also maintains a dashboard on its website (www.strategy.com) as a disclosure channel for providing broad, non-exclusionary distribution of information regarding Strategy to the public, including information regarding market prices of its outstanding securities, bitcoin purchases and holdings, certain key performance indicator metrics and other
supplemental information, and as one means of disclosing non-public information in compliance with its disclosure obligations under Regulation FD. Investors and others are encouraged to regularly review the information that Strategy makes public via the website dashboard.
Furnished Information
The information disclosed pursuant to Item 7.01 in this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.