MSTR 8-K: Smart Summary

On June 1, 2026, Strategy Inc filed an 8-K disclosing updates to its ATM offering program, bitcoin holdings activity, USD Reserve balance, Variable Rate preferred stock dividend rate, and cash dividend declarations on multiple series of preferred stock declared on May 30, 2026.

• Board declared cash dividends on May 30, 2026, payable June 30, 2026, to stockholders of record as of 5:00 p.m. New York City time (or London time for STRE) on June 15, 2026
• STRF (10.00% Series A Perpetual Strife Preferred Stock): $2.50 per share for quarter ending June 30, 2026
• STRC (Variable Rate Series A Perpetual Stretch Preferred Stock): $0.958333333 per share for month ending June 30, 2026, representing a per annum rate of 11.50%
• STRE (10.00% Series A Perpetual Stream Preferred Stock): €2.50 per share for quarter ending June 30, 2026
• STRK (8.00% Series A Perpetual Strike Preferred Stock): $2.00 per share for quarter ending June 30, 2026
• STRD (10.00% Series A Perpetual Stride Preferred Stock): $2.50 per share for quarter ending June 30, 2026
• As of June 1, 2026, dividends payable June 30, 2026 are expected to be characterized as non-taxable return of capital to the extent of a shareholder's tax basis for U.S. federal income tax purposes

• ATM update covers the period May 26, 2026 to May 31, 2026; no preferred stock shares (STRF, STRC, STRK, STRD) were sold during the period
• MSTR Class A common stock: 801,994 shares sold, generating net proceeds of $128.3M; $26.1B remains available for issuance and sale under the MSTR ATM program
• On March 23, 2026, Strategy announced a new $21B MSTR Stock offering (MSTR Increase); sales under the MSTR Increase may begin once capacity under the existing offering is substantially depleted
• Remaining ATM capacity as of May 31, 2026: STRF $1.6B, STRC $17.5B, STRK $2.1B, STRD $4B
• As of May 31, 2026, USD Reserve balance is $900M, established December 1, 2025 to support preferred stock dividends and interest on outstanding indebtedness
• Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) dividend rate maintained at 11.50% per annum effective for monthly periods commencing on or after June 1, 2026

• During May 26, 2026 to May 31, 2026: 32 BTC sold at aggregate sale price of $2.5M and average sale price of $77,135; proceeds expected to fund distributions on preferred stock
• As of May 31, 2026: aggregate BTC holdings of 843,706 BTC, aggregate purchase price of $63.9B, average purchase price of $75,699 per BTC