8-K filings › Sep 22, 2025 · covers Sep 15–21
Strategy bought 850 BTC for $99.7M and now holds 639,835 BTC
Average price $117,344 per bitcoin · $99.7M spent on bitcoin · $80.6M raised via MSTR ATM
BTC held
639,835
+850 vs the 8-K of Sep 15, 2025
Cost basis
$47.33B
$73,971 avg per BTC
MSTR ATM sold
$80.6M
227,401 shares · $16.03B left
STRF ATM sold
$19.4M
173,834 shares · $1.73B left
mNAV that week
1.67×
MSTR $344.75 close Sep 19 ÷ $206.75 net reserve per share
Source: Strategy Inc (CIK 0001050446) 8-K 0001193125-25-210048 on SEC EDGAR, via the 8-K Tracker. Rows filed the same day are combined; restated rows aren’t counted twice. mNAV = MSTR close ÷ net reserve per share (BTC at the filing week’s close + USD − senior claims, ÷ shares). Not investment advice.