SEC Filing Shows Strategy Inc. Raised ~$1B Over a Week and Bought 13,927 Bitcoins, Not a One‑Day $1.16B Claim

A viral post on a whale‑tracking Telegram channel says Strategy Inc. raised $1.16 billion in a single day and immediately spent it on roughly 11,500 bitcoins. Strategy’s own filing with the U.S. Securities and Exchange Commission shows something different — and, in some ways, bigger.

In a Form 8‑K dated April 13, 2026, the company, which trades on Nasdaq and was formerly known as MicroStrategy, reported that it sold 10,028,363 shares of its Variable Rate Series A Perpetual “Stretch” preferred stock, ticker STRC, between April 6 and April 12. Those sales had a face value of $1,002.8 million and generated net proceeds of $1,001.3 million.

Over the same April 6‑12 period, Strategy disclosed that it acquired 13,927 bitcoins for a total of $1.00 billion, at an average price of about $71,902 per bitcoin including fees and expenses. The filing states: “The bitcoin purchases were made using proceeds from the sale of shares under the ATM.”

The timing and scale are at odds with the Telegram claim, which attributed to whale‑tracking service Whale Alert a one‑day raise of $1.16 billion and a purchase of around 11,498 bitcoins. There is currently no company filing or other authoritative public document that matches that specific combination of figures.

Instead, Strategy’s April 13 8‑K describes roughly $1.0 billion in net proceeds raised over a week, and a larger bitcoin tally than the social media post suggested. The filing does not break out activity by day, only reporting aggregate numbers for April 6‑12.

The discrepancy highlights how quickly crypto‑market narratives can diverge from official records, especially when traders rely on snippets from social media rather than regulatory filings. Large numbers can also be misinterpreted when posts blur distinctions between gross and net proceeds, or between notional issuance capacity and actual capital raised.

Whatever the exact path of the daily flows, the SEC filing confirms another $1 billion has been recycled from capital markets into bitcoin on a single corporate balance sheet.

Strategy has been pursuing that model since 2020, using common‑stock at‑the‑market (ATM) programs, convertible notes and preferred stock offerings to raise cash and convert it into bitcoin. With 780,897 bitcoins reported as of April 12 at an aggregate purchase price of $59.02 billion — an average of $75,577 per coin — the company is by far the largest corporate holder of the asset. Its buying is large enough to be potentially relevant for market liquidity and order flow, even as many other forces, including spot bitcoin exchange‑traded funds, affect prices.

The latest raise underscores how central STRC has become to that strategy. Introduced in July 2025, STRC is a perpetual preferred stock — meaning it has no maturity date — with what Strategy’s prospectus calls an initial “liquidation preference” of $100 per share. “The liquidation preference of the STRC Stock will initially be $100 per share,” the document states.

Strategy has built a funding engine around that $100 reference point. The board sets STRC’s dividend rate monthly, with the stated aim of keeping the preferred stock trading close to its $100 per‑share liquidation preference. If the market price tracks that level, the company can continually sell new STRC shares through its ATM program at or near “par,” topping up its bitcoin war chest without arranging a new bond or large, one‑off equity deal each time.

The first phase of that plan came with STRC’s July 2025 initial public offering, in which Strategy sold 28,011,111 STRC shares at $90 apiece. In its IPO closing announcement, the company said, “Strategy utilized net proceeds from the offering for the acquisition of 21,021 bitcoins at an average purchase price of approximately $117,256 per bitcoin.”

The new 8‑K shows the same playbook now operating in a repeatable fashion via the ATM program. Shares are dripped into the market, proceeds flow onto Strategy’s balance sheet, and those dollars are then converted into additional bitcoin.

For investors and traders trying to track the impact of such moves, the gap between the Whale Alert Telegram post and the SEC figures is a reminder of where the definitive record lives. In a market that often trades on headlines and screenshots, Strategy’s filing underscores that capital raises and bitcoin purchases of this size are spelled out, in detail, in regulatory documents — and that those numbers may tell a different story than the one making the rounds in chat rooms.