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The Strategy Bet

The Strategy ₿et

8-K filings › Feb 23, 2026 · covers Feb 17–22

Strategy bought 592 BTC for $39.8M and now holds 717,722 BTC

Average price $67,286 per bitcoin · $39.8M spent on bitcoin · $39.7M raised via MSTR ATM

BTC held
717,722
+591 vs the 8-K of Feb 17, 2026
Cost basis
$54.56B
$76,020 avg per BTC
MSTR ATM sold
$39.7M
297,940 shares · $7.84B left
mNAV that week
1.27×
MSTR $131.05 close Feb 20 ÷ $102.90 net reserve per share
Share on XDownload cardRead the 8-K on SEC.gov ↗

Source: Strategy Inc (CIK 0001050446) 8-K 0001193125-26-062489 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.