Strategy files 8-K disclosing 5.02 billion dollar reserve

• USD Reserve stood at $5.02 billion and USD Cash at $1.00 billion as of September 27, 2026
• $48.1 million of USD Cash funded STRC repurchases between September 21 and September 27, 2026
• $723.5 million remains available under the preferred stock buyback program, $1.0 billion under the MSTR buyback program

• $5.02B USD Reserve balance backing preferred dividends and debt interest
• $142.7M net stock-sale proceeds directed to bitcoin purchases
• $1.7B combined remaining capacity across both buyback programs

Strategy’s filing is a routine Item 7.01 disclosure, the format the company now uses on a near-weekly basis to update investors on its ATM sales, bitcoin holdings and capital allocation between two internal cash buckets it calls the USD Reserve and USD Cash. The report covers activity through September 27, 2026 and does not carry the liabilities of an Exchange Act “filed” document under Section 18.

$142.7 Million Went to Bitcoin, $103.5 Million to Stretch Buybacks

The document states plainly that the filing tracks how proceeds from Class A Common Stock sales were split between two uses.

“$142.7 million in net proceeds from MSTR Stock sales were used to fund bitcoin purchases and $103.5 million in net proceeds from MSTR Stock sales were used to fund repurchases of STRC Stock under the digital credit securities repurchase program,” the filing states.

STRC is Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock. The company labels its buyback of that instrument the “digital credit securities repurchase program,” separate from its common stock buyback program.

Buyback Capacity Still Sits at $1.7 Billion Combined

Strategy reported $723.5 million of remaining authorized capacity under the preferred stock repurchase program and $1.0 billion remaining under the MSTR Stock repurchase program. Both figures are unchanged in structure from prior weekly reports, only the dollar amounts move as shares get bought back.

Holders of Stretch preferred stock are the ones whose instrument the digital credit securities program can target. MSTR common shareholders are affected by the separate equity buyback authorization.

Two Cash Buckets: $5.02 Billion Reserve, $1 Billion Free

“As of September 27, 2026, the balances of the USD Reserve and USD Cash were $5.02 billion and $1.00 billion, respectively.”

Strategy Inc, Form 8-K, September 28, 2026

The USD Reserve is earmarked for preferred dividends and debt interest. USD Cash is the discretionary pool for bitcoin purchases, reserve expansion or “other similar purposes,” per the filing.

During the week, $22.1 million of the USD Reserve went to pay preferred stock dividends, while $48.1 million of USD Cash went to STRC repurchases rather than new bitcoin buys that week.

What the Cadence Shows and What It Skips

Strategy’s weekly 8-K cadence turns capital allocation into a running ledger investors can track series by series. The split between USD Reserve and USD Cash makes explicit that dividend obligations on Strife, Stretch, Strike and Stride are ring-fenced from the pool used for opportunistic buys or buybacks.

That structure matters for STRC holders specifically: the filing shows the company actively buying back that preferred series with USD Cash rather than deploying all of it toward bitcoin, a signal about where management sees value that week.

The filing does not state how many bitcoins were purchased with the $142.7 million, the average price paid, or Strategy’s total bitcoin holdings after the purchase. It also does not disclose current ATM program capacity remaining across the five registered securities.

The CCS read. Routing nearly as much stock-sale cash into STRC buybacks as into bitcoin purchases in the same week tells holders of Strategy’s preferred stack that the company is actively managing its own paper, not just stacking sats. Watch whether that pattern holds if bitcoin drifts lower.

Strategy’s next weekly Item 7.01 update should show whether USD Cash gets redirected back toward bitcoin purchases or continues funding STRC repurchases.