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🇺🇸 SECMicroStrategy Inc. Class ADoubao · 实盘不做把握 8/10不做原因:无增量信息
北京时间·🕒 发布 20:00:16·⟳ 抓取 20:27:20 +27m04s·⚡ 决策 09-14 20:38:14 +10m54s·43.0 天前

Strategy(MSTR)周报式8-K:未发ATM新股、未买卖比特币,仅回购1.393亿美元STRC优先股

这是Strategy按周披露的例行资本/比特币持仓更新(Item 8.01+7.01),全部数字均为现状陈述:持仓、现金余额与既有回购计划的常规执行,无新交易、无融资条款、无业绩或指引惊喜,不产生方向性事件edge。

📄 原文MicroStrategy Inc. Class A↗ 原文
----- mstr-20260914.htm ----- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT…
不做 Strategy Inc(MSTR.US)
例行周报式8-K,无新增比特币购买、无ATM发行、无业绩/指引变化,仅为持仓与既有回购计划执行进度,缺乏相对预期的增量事实与事件型edge
不做 Variable Rate Series A Perpetual Stretch优先股(STRC.US)
1.393亿美元回购为10.5亿美元既定计划内常规动作,规模有限且优先股流动性低,不构成可执行的事件驱动机会
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)

研究档案

结论摘要

MSTR本次8-K仅为周报式持仓与回购进度披露:当周零ATM售股、零比特币买卖,比特币持仓维持845,050枚,唯一动作是用1.393亿美元回购STRC优先股。无相对预期的增量事实,对MSTR普通股及优先股均无可交易催化,回避。

🔎 新鲜度:最早出现 2026-09-14 · 扩散 low · price-in 风险 low ↗

主要风险

  • 比特币价格若在披露窗口外大幅波动将主导MSTR定价,但那是独立于本8-K的beta,不属于本事件edge

先例如何影响了这次决策

对本次决策的影响:未改变结论:增量信息为零本身即足以AVOID,补做同类周更先例不会引入正edge

方向:无可对照先例;例行持仓/回购进度8-K不构成方向性催化,无需以历史涨幅校准

涨幅量级:无ENTER标的,不设tp/sl,先例幅度不适用

形态:未评估(无交易假设)

工具执行结果 · 成功 1 · 降级 0 · 失败 0 · 取消 0
  1. search_processed_events 成功 stock_tools HTTP · 24 ms
    {"result": "search_processed_events:agent query=`mstr strc preferred stock repurchase $139.3 million september 8-13 2026 | strategy inc microstrategy 8-k september 14 2026 atm bitcoin holdings 845050 | strategy inc weekly bitcoin`;结构化索引覆盖完整 72 小时;旧记录兼容扫描近 0.0/72 小时、0 条本臂决策(完整),返回 0 条候选。未命中只表示这些 agen

原文全文

展开原文 · 6,200 字
----- mstr-20260914.htm -----
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
September 14, 2026
STRATEGY INC
(Exact name of registrant as specified in its charter)
Delaware
001-42509
51-0323571
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
1850 Towers Crescent Plaza
Tysons Corner
,
Virginia
22182
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(703)
848-8600
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
Trading
Symbol
Name of Each Exchange
on which Registered
10.00% Series A Perpetual Strife Preferred Stock, $0.001 par value per share
STRF
The Nasdaq Global Select Market
Variable Rate Series A Perpetual Stretch Preferred Stock, $0.001 par value per share
STRC
The Nasdaq Global Select Market
8.00% Series A Perpetual Strike Preferred Stock, $0.001 par value per share
STRK
The Nasdaq Global Select Market
10.00% Series A Perpetual Stride Preferred Stock, $0.001 par value per share
STRD
The Nasdaq Global Select Market
Class A Common Stock, $0.001 par value per share
MSTR
The Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
ATM and BTC Update
On September 14, 2026, Strategy Inc ("Strategy") announced that, during the period between September 8, 2026 and September 13, 2026, Strategy did not sell any shares under its at-the-market offering program and did not purchase or sell any bitcoin.
As of September 13, 2026, Strategy holds approximately 845,050 bitcoin that were acquired at an aggregate purchase price of $63.73 billion and an average purchase price of approximately $75,412 per bitcoin, inclusive of fees and expenses.
Repurchase Program Updates
On September 14, 2026, Strategy announced the following update with respect to its share repurchase programs of the following securities:
During Period September 8, 2026 to September 13, 2026
Security
Shares Repurchased
Aggregate Purchase Price (in millions)
STRF Stock
(1)
-
$
-
10.00% Series A Perpetual Strife Preferred Stock
STRC Stock
(1)
1,420,467
$
139.3
Variable Rate Series A Perpetual Stretch Preferred Stock
STRK Stock
(1)
-
$
-
8.00% Series A Perpetual Strike Preferred Stock
STRD Stock
(1)
-
$
-
10.00% Series A Perpetual Stride Preferred Stock
MSTR Stock
(2)
-
$
-
Class A Common Stock
Total
1,420,467
$
139.3
(1) $1.05 billion aggregate purchase price of Strategy's preferred stock remains available under its digital credit securities repurchase program.
(2) $1.0 billion aggregate purchase price of MSTR Stock remains available under Strategy's MSTR Stock repurchase program.
USD Reserve and USD Cash Updates
As part of its capital framework, Strategy maintains: (i) a U.S. dollar reserve (the "USD Reserve"), which is intended to support the payment of dividends on Strategy's preferred stock and interest on its outstanding indebtedness, and (ii) "USD Cash", which management maintains to deploy for broader general Bitcoin Treasury Company purposes, which may include acquiring bitcoin, expanding the USD Reserve, broader capital management uses, and other similar purposes.
During the period from September 8, 2026 to September 13, 2026, Strategy used $139.3 million of USD Cash to fund repurchases of STRC Stock.
As of September 13, 2026, the balances of the USD Reserve and USD Cash were $5.10 billion and $1.30 billion, respectively.
Item 7.01 Regulation FD Disclosure.
Strategy Dashboard
Strategy also maintains a dashboard on its website (www.strategy.com) as a disclosure channel for providing broad, non-exclusionary distribution of information regarding Strategy to the public, including information regarding market prices of its outstanding securities, bitcoin purchases and holdings, certain key performance indicator metrics and other supplemental information, and as one means of disclosing non-public information in compliance with its disclosure obligations under Regulation FD. Investors and others are encouraged to regularly review the information that Strategy makes public via the website dashboard.
Furnished Information
The information disclosed pursuant to Item 7.01 in this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: September 14, 2026
Strategy Inc
(Registrant)
By:
/s/ Thomas C. Chow
Name:
Thomas C. Chow
Title:
Executive Vice President & General Counsel

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