8-K filings › Nov 17, 2025 · covers Nov 10–16
Strategy bought 8,178 BTC for $835.6M and now holds 649,870 BTC
Average price $102,171 per bitcoin · $835.6M spent on bitcoin
BTC held
649,870
+8,178 vs the 8-K of Nov 10, 2025
Cost basis
$48.37B
$74,433 avg per BTC
STRC ATM sold
$131.2M
1,313,641 shares · $4.04B left
STRF ATM sold
$4.4M
39,957 shares · $1.64B left
STRK ATM sold
$0.5M
5,513 shares · $20.34B left
STRE IPO
$703.9M
7,750,000 shares · net proceeds
mNAV that week
1.26×
MSTR $199.75 close Nov 14 ÷ $158.09 net reserve per share
Source: Strategy Inc (CIK 0001050446) 8-K 0001193125-25-283991 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.