MSTR 8-K: Smart Summary

Strategy Inc. filed an 8-K on June 29, 2026 under Item 7.01 (Regulation FD Disclosure) to note that it maintains a public dashboard on its website (www.strategy.com) as a disclosure channel for information including bitcoin purchases and holdings, security prices, key performance indicators, and other supplemental data. The filing also references forward-looking statements related to preferred stock dividends, its 'Digital Credit Capital Framework,' and related policies. No specific financial figures, transaction details, or new material non-public information were disclosed in the filing text itself.

• Digital Credit Securities repurchase program authorized for up to $1B aggregate purchase price, covering STRC, STRF (10.00%), STRD (10.00%), and STRK (8.00%); STRC expected to be initial priority.
• Class A common stock repurchase program authorized for up to $1B aggregate purchase price.
• Both repurchase programs have no fixed expiration date and may be modified, suspended, or terminated at any time; neither program obligates the Company to acquire any particular amount.
• Neither repurchase program will be funded from the USD Reserve; BTC sales used for repurchases would be made under the BTC Monetization Program.

• STRC dividend rate increased to 12.00% per annum effective for semi-monthly periods with record dates on or after July 1, 2026.
• Conditional semi-monthly cash dividend declared on STRC of $0.50 per share for semi-monthly period ending July 31, 2026, payable July 31, 2026 to stockholders of record as of July 15, 2026.
• Conditional semi-monthly cash dividend declared on STRC of $0.50 per share for semi-monthly period ending August 15, 2026, payable August 15, 2026 to stockholders of record as of July 31, 2026.
• Both dividend declarations are contingent upon the Amended and Restated Certificate of Designations of STRC becoming effective at or before 12:01 a.m. New York City time on June 30, 2026.
• As of June 29, 2026, dividends payable on July 31, 2026 and August 15, 2026 are expected to be characterized as non-taxable returns of capital to the extent of a shareholder's tax basis in STRC for U.S. federal income tax purposes.
• STRC dividend rate will be evaluated monthly based on factors including STRC trading levels, market yields, credit spreads, bitcoin price and volatility, USD Reserve coverage, and capital market conditions; dividends remain subject to Board declaration and are not guaranteed.

• Strategy maintains a dashboard on its website (www.strategy.com) as a Regulation FD-compliant disclosure channel for broad, non-exclusionary distribution of information to the public.
• The dashboard provides information on market prices of outstanding securities, bitcoin purchases and holdings, key performance indicator metrics, and other supplemental information.
• The filing references forward-looking statements related to the tax-deferred return of capital treatment of dividends on the Company's preferred stock, including the Company's Variable Rate Series A Perpetual Stretch Preferred Stock.
• Forward-looking statements also pertain to the Company's 'Digital Credit Capital Framework,' including its STRC dividend rate policy, USD Reserve policy, securities repurchase programs, and bitcoin monetization program.
• The Company's most recent Quarterly Report on Form 10-Q was filed with the SEC on May 6, 2026, and is cited as containing relevant risk factors.
• The information disclosed under Item 7.01 is furnished and shall not be deemed 'filed' for purposes of Section 18 of the Exchange Act, nor incorporated by reference in any Securities Act or Exchange Act filing unless expressly specified.
• The filing was dated June 29, 2026, and signed by Thomas C. Chow, Executive Vice President & General Counsel of Strategy Inc.

• Digital Credit Capital Framework adopted on June 29, 2026, consisting of five components: USD Reserve policy, revised STRC dividend policy, Digital Credit Securities repurchase program, class A common stock repurchase program, and BTC monetization program.
• USD Reserve balance as of June 28, 2026 is $2.5B (including unsettled ATM proceeds); minimum reserve must equal at least 12 months of expected annual preferred stock dividend payments and interest obligations.
• USD Reserve may only be used to pay preferred stock dividends and interest expense on outstanding indebtedness; any other use requires Board authorization.
• BTC Monetization Program authorized to sell bitcoin for up to $1.3B of additional proceeds to fund the USD Reserve, and to fund preferred dividends/interest expense and repurchases; no fixed expiration date.
• ATM update for period June 22–28, 2026: 12,669,017 shares of MSTR (class A common stock) sold for net proceeds of $1.2B; no preferred stock shares sold during the period; remaining MSTR capacity available for issuance is $24.3B.
• Bitcoin holdings as of June 28, 2026: 847,363 BTC acquired at aggregate purchase price of $64.1B and average purchase price of $75,651 per BTC (inclusive of fees); no BTC purchases made during June 22–28, 2026.