8-K filings › Dec 22, 2025 · covers Dec 15–21
Strategy bought no bitcoin and holds 671,268 BTC
$747.8M raised via MSTR ATM
BTC held
671,268
±0 vs the 8-K of Dec 15, 2025
Cost basis
$50.33B
$74,972 avg per BTC
MSTR ATM sold
$747.8M
4,535,000 shares · $11.81B left
USD Reserve
$2.19B
+$0.75B vs last 8-K
mNAV that week
1.13×
MSTR $164.82 close Dec 19 ÷ $145.70 net reserve per share
Source: Strategy Inc (CIK 0001050446) 8-K 0001193125-25-327598 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.