Strategy ATM issuance & dilution tracker
How fast is Strategy printing shares to buy bitcoin? This tracks every ATM raise across its common and preferred programs, straight from the filings.
Week of June 28, 2026
Raised $1,152.4M across 1 security.
This week's issuance
| Security | Shares sold | Net proceeds | Remaining capacity |
|---|---|---|---|
| MSTRClass A common stock | 12,669,017 | $1,152.4M | $24,258M |
| STRKStrike — 8% convertible preferred | — | none this week | $2,100M |
| STRFStrife — 10% perpetual preferred | — | none this week | $1,619M |
| STRCStretch — variable-rate preferred | — | none this week | $17,511M |
| STRDStride — 10% perpetual preferred | — | none this week | $4,015M |
Source: 8-K 0001193125-26-286871 · SEC EDGAR
Issuance over time
Bars = net proceeds raised that week per security (left axis, $M). White line = total BTC held (right axis). Weeks with no separate 8-K appear as gaps. All figures from SEC 8-K filings — never estimated.
Since November 10, 2025
Remaining capacity by program
How much each program can still sell under its current authorization, as of the latest filing. A rise here means a new or expanded shelf was registered.
Frequently asked
Where does this data come from?
Every number is parsed directly from Strategy's SEC 8-K filings (CIK 1050446). We link the source filing on SEC.gov for each week. We never estimate or fill in missing values.
What is an ATM program?
An at-the-market (ATM) offering lets a company sell new shares straight into the open market over time. Strategy runs ATM programs for its common stock (MSTR) and each preferred series (STRK, STRF, STRC, STRD), using the proceeds largely to buy more bitcoin.
Why do some weeks show no sales?
A "—" means Strategy reported no sales of that security that week. When a whole week is missing from the chart, Strategy did not file a separate weekly 8-K for it; the running totals still reconcile at the next filing.
Is dilution bad?
Not necessarily. Issuance is dilutive to existing shareholders, but if shares are sold above the value of the bitcoin they buy, the raise is accretive to bitcoin-per-share. Track it here alongside holdings to judge for yourself.