Strategy Inc updates at-the-market program and bitcoin holdings

Strategy Inc (NASDAQ: MSTR) reported sales activity under its at-the-market offering program and bitcoin acquisitions for the period February 23 to March 1, 2026, according to a Form 8-K filing.

The company sold 71,590 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ: STRC) for $7.2 million in notional value, generating net proceeds of $7.1 million after commissions. No shares were sold of its other preferred stock classes during the reporting period.

The company also sold 1,730,563 shares of its Class A common stock, though the notional value was not disclosed. Net proceeds from common stock sales totaled $229.9 million.

Strategy used proceeds from the share sales to acquire 3,015 bitcoin for approximately $204.1 million, at an average purchase price of $67,700 per bitcoin. As of March 1, 2026, the company held 720,737 bitcoin with an aggregate purchase price of $54.77 billion and an average purchase price of $75,985 per bitcoin.

The company's board declared cash dividends on its preferred stock series payable March 31, 2026, to stockholders of record as of March 15, 2026. Dividend amounts range from $2.00 to $2.50 per share for quarterly dividends and $0.958333333 per share for the monthly STRC dividend.

Strategy increased the dividend rate on its STRC preferred stock from 11.25% to 11.50% per annum, effective for monthly periods beginning March 1, 2026.

The company expects the preferred stock dividends to be characterized as non-taxable returns of capital for U.S. federal income tax purposes, up to shareholders' tax basis in the securities.

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