Strategy Inc. Sells $246M Stock to Fund Bitcoin Purchases and Share Repurchases

Strategy Inc. announced the sale of 1,469,165 shares of its Class A common stock (MSTR) for net proceeds of $246.2 million under its at-the-market (ATM) program for the period of September 21 to September 27, 2026. The company allocated these proceeds to acquire more bitcoin and repurchase its own preferred stock.

Key Details

• ATM Proceeds & Use: Generated $246.2 million in net proceeds. $142.7 million was used to purchase bitcoin, and $103.5 million was used to repurchase preferred stock (STRC).
• Bitcoin Purchase: Acquired 1,665 bitcoin for $142.7 million at an average price of $85,681. This brings the company's total holdings to 847,666 BTC as of September 27, 2026.
• Share Repurchases: Repurchased 1,534,530 shares of its STRC preferred stock for a total of $151.7 million, funded by ATM proceeds and $48.1 million from its USD cash reserves.
• Cash Position: As of September 27, 2026, the company reported a USD Reserve of $5.02 billion and USD Cash of $1.00 billion.