MICROSTRATEGY Inc (MSTR) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
MSTR currently has 334M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 98.94% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility).
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Jun 01, 2026 |
8-K filing: Strategy Inc reported the sale of 801,994 shares of MSTR common stock under its ATM offering program, resulting in $128.3 million in net proceeds. ($128.3M proceeds) |
330M | 0 |
| May 18, 2026 |
8-K filing: Strategy Inc reported completed sales of STRC Stock and MSTR Stock under its at-the-market offering program between May 11 and May 17, 2026. ($2035.7M proceeds) |
330M | 0 |
| May 06, 2026 |
10-Q filing | 333.9M shares outstanding |
330M | 0 |
| May 04, 2026 |
8-K filing: Strategy Inc. announced an update regarding sales made under its at-the-market offering program (ATM) and updates on its bitcoin holdings. ($0.0M proceeds) |
240M | 0 |
| Mar 23, 2026 |
8-K filing: Strategy Inc. announced an update regarding sales made under its at-the-market offering program (ATM). During the period of March 16, 2026 to March 22, 2026, MSTR Stock had 509,111 shares sold for $76.5 million in net proceeds, leaving $6,240.2 million available for issuance and sale. ($76.5M proceeds) |
240M | 0 |
| Mar 16, 2026 |
8-K filing: Strategy Inc. announced an update regarding sales made under its at-the-market offering program (ATM) for STRF, STRC, STRK, STRD, and MSTR stocks from March 9, 2026, to March 15, 2026. ($1576.4M proceeds) |
240M | 0 |
| Jan 26, 2026 |
8-K filing: Strategy Inc. announced an update regarding sales made under its at-the-market offering program (ATM) between January 20, 2026, and January 25, 2026. ($264.0M proceeds) |
240M | 0 |
| Jan 20, 2026 |
8-K filing: Strategy Inc. reports sales under its at-the-market offering program (ATM) for the period January 12, 2026 to January 19, 2026, including sales of STRC Stock, STRK Stock and MSTR stock. Strategy also announces updates with respect to its bitcoin holdings. ($0.0M proceeds) |
240M | 0 |
| Jan 12, 2026 |
8-K filing: Strategy Inc. announced an update on sales made under its at-the-market offering program (ATM) and its bitcoin holdings. STRC Stock and MSTR Stock were sold to purchase BTC. ($0.0M proceeds) |
240M | 0 |
| Jan 05, 2026 |
8-K filing: Strategy Inc. announced updates regarding sales made under its at-the-market offering program (ATM) for the period December 29, 2025, to December 31, 2025, and January 1, 2026, to January 4, 2026, and its bitcoin holdings as of those dates. ($312.2M proceeds) |
240M | 0 |
| Dec 29, 2025 |
8-K filing: Strategy Inc. announced an update on sales made under its at-the-market offering program (ATM) and updates with respect to its bitcoin holdings. ($0.0M proceeds) |
240M | 0 |
| Dec 22, 2025 |
8-K filing: Strategy Inc. announces an update on sales made under its at-the-market offering program (ATM) for MSTR stock, with 4,535,000 shares sold and net proceeds of $747.8 million during the period December 15, 2025 to December 21, 2025. ($747.8M proceeds) |
240M | 0 |
| Dec 15, 2025 |
8-K filing: Strategy Inc. announced an update with respect to sales made under its at-the-market offering program from December 8, 2025 to December 14, 2025. ($119.9M proceeds) |
240M | 0 |
| Nov 17, 2025 |
8-K filing: Strategy Inc. completed an at-the-market offering program (ATM) and a public offering of preferred stock, selling shares of STRF, STRC, and STRK stocks, and 7,750,000 shares of 10.00% Series A Perpetual Stream Preferred Stock (STRE). ($0.0M proceeds) |
240M | 0 |
| Nov 03, 2025 |
10-Q filing | 284.4M shares outstanding |
280M | 0 |
| Nov 03, 2025 |
8-K filing: Strategy Inc announced updates with respect to its at-the-market offering programs. They sold 76,017 STRF Shares for net proceeds of $8.4 million, 49,374 STRK Shares for net proceeds of $4.4 million, 29,065 STRD Shares for net proceeds of $2.3 million, and 183,501 MSTR Shares for net proceeds of $54.4 million between October 27, 2025 and November 2, 2025. ($0.0M proceeds) |
240M | 0 |
| Oct 20, 2025 |
8-K filing: Strategy Inc. announced updates on October 20, 2025, regarding its at-the-market offering programs for STRF, STRC, STRK, STRD and MSTR shares. ($18.9M proceeds) |
240M | 0 |
| Sep 29, 2025 |
8-K filing: Strategy Inc. announced updates regarding its at-the-market offering programs, including sales of STRF, STRD and MSTR shares. ($0.0M proceeds) |
240M | 0 |
| Sep 22, 2025 |
8-K filing: Strategy Inc. announced updates regarding its at-the-market offering programs, including the sale of 173,834 STRF Shares for $17.4 million and 227,401 MSTR Shares with net proceeds of $80.6 million. ($17.4M proceeds) |
240M | 0 |
| Sep 15, 2025 |
8-K filing: Strategy Inc. announced updates regarding its at-the-market offering programs, reporting sales of STRF, STRK, and STRD shares from September 8, 2025, to September 14, 2025. ($69.2M proceeds) |
240M | 0 |
| Sep 08, 2025 |
8-K filing: Strategy Inc. announced updates regarding its at-the-market offering programs for STRF Shares, STRC Shares, STRK Shares, STRD Shares and MSTR Shares between September 2, 2025 and September 7, 2025. ($217.3M proceeds) |
240M | 0 |
| Sep 02, 2025 |
8-K filing: Strategy Inc announced updates with respect to its at-the-market offering programs from August 26, 2025 to September 1, 2025. ($471.8M proceeds) |
240M | 0 |
| Aug 25, 2025 |
8-K filing: Strategy Inc announced updates on its at-the-market offering programs, reporting sales of 875,301 MSTR Shares, 210,100 STRK Shares, 237,336 STRF Shares, and 944 STRD Shares between August 18, 2025, and August 24, 2025. ($354.7M proceeds) |
240M | 0 |
| Aug 18, 2025 |
8-K filing: Strategy Inc. announced updates regarding its at-the-market offering programs, reporting sales of STRK, STRF, and STRD shares, resulting in net proceeds. ($48.4M proceeds) |
240M | 0 |
| Aug 11, 2025 |
8-K filing: MicroStrategy Incorporated announced updates with respect to its at-the-market offering programs, including sales of STRF Shares for net proceeds of $13.6 million. ($0.0M proceeds) |
240M | 0 |
| Jul 14, 2025 |
8-K filing: MicroStrategy Incorporated d/b/a Strategy announced updates with respect to its at-the-market offering programs from July 7, 2025 to July 13, 2025, including the sale of 797,008 MSTR shares for net proceeds of $330.9 million and 573,976 STRK shares for net proceeds of $57.4 million. ($447.7M proceeds) |
240M | 0 |
| Jun 30, 2025 |
8-K filing: MicroStrategy Incorporated announced updates with respect to its at-the-market offering programs for common stock and preferred stock. ($578.1M proceeds) |
240M | 0 |
| Jun 23, 2025 |
8-K filing: MicroStrategy Incorporated announced updates with respect to its at-the-market offering programs, including sales of STRK Shares and STRF Shares. ($0.0M proceeds) |
240M | 0 |
| Jun 16, 2025 |
8-K filing: MicroStrategy Incorporated provides updates on its at-the-market offering programs, including sales of STRK and STRF shares, and announces the completion of its public offering of 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock at $85.00 per share. ($0.0M proceeds) |
240M | 0 |
| Jun 09, 2025 |
8-K filing: MicroStrategy Incorporated announced updates with respect to its at-the-market offering programs, including the sale of 626,639 STRK Shares for $62.7 million and 432,679 STRF Shares for $43.3 million between June 2, 2025 and June 8, 2025. ($106.0M proceeds) |
240M | 0 |
| Jun 02, 2025 |
8-K filing: MicroStrategy Incorporated announced updates with respect to its at-the-market offering programs and bitcoin holdings, including the sale of 353,511 STRK Shares for $36.2 million and 374,968 STRF Shares for $38.4 million during the period May 26, 2025 to June 1, 2025. ($74.6M proceeds) |
240M | 0 |
| May 19, 2025 |
8-K filing: MicroStrategy Incorporated sold 1,712,708 shares of MSTR common stock for net proceeds of $705.7 million and 621,555 shares of STRK preferred stock for net proceeds of $59.7 million under its at-the-market offering programs between May 12, 2025 and May 18, 2025. ($765.4M proceeds) |
240M | 0 |
| May 12, 2025 |
8-K filing: MicroStrategy Incorporated announced updates with respect to its at-the-market offering programs, selling 3,222,875 shares of MSTR for $1.31 billion and 273,987 shares of STRK for $25.1 million between May 5, 2025 and May 11, 2025. ($1335.1M proceeds) |
240M | 0 |
| May 05, 2025 |
10-Q filing | 256.5M shares outstanding |
260M | 0 |
| May 05, 2025 |
8-K filing: MicroStrategy Incorporated d/b/a Strategy announced updates with respect to its at-the-market offering programs and its bitcoin holdings. ($180.3M proceeds) |
240M | 0 |
| Apr 28, 2025 |
8-K filing: MicroStrategy Incorporated announced updates with respect to its at-the-market offering programs, selling 4,020,000 shares of MSTR Common Stock for $1.40 billion and 435,069 shares of STRK preferred stock for $37.5 million between April 21, 2025 and April 27, 2025. ($1437.5M proceeds) |
240M | 0 |
| Apr 21, 2025 |
8-K filing: MicroStrategy Incorporated sold 1,755,000 shares of Class A Common Stock for net proceeds of $547.7 million between April 14, 2025 and April 20, 2025, as part of its at-the-market offering program. ($547.7M proceeds) |
240M | 0 |
| Apr 14, 2025 |
8-K filing: MicroStrategy Incorporated announced updates with respect to its at-the-market offering programs and bitcoin holdings. During the period of April 7, 2025 to April 13, 2025, Strategy sold 959,712 MSTR Shares for net proceeds of $285.7 million. ($285.7M proceeds) |
240M | 0 |
| Mar 31, 2025 |
8-K filing: MicroStrategy Incorporated d/b/a Strategy announced updates with respect to its at-the-market offering programs and completed its previously announced public offering of 8,500,000 shares of its 10.00% Series A Perpetual Strife Preferred Stock at a public offering price of $85.00 per share. ($1922.5M proceeds) |
240M | 0 |
| Mar 24, 2025 |
8-K filing: MicroStrategy sold 1,975,000 shares of its class A common stock under the Common ATM for net proceeds of approximately $592.6 million and 13,100 shares of its 8.00% series A perpetual strike preferred stock under the STRK ATM for net proceeds of approximately $1.1 million between March 17, 2025 and March 23, 2025. ($593.7M proceeds) |
240M | 0 |
| Mar 17, 2025 |
8-K filing: MicroStrategy Incorporated announced that between March 10, 2025 and March 16, 2025, it sold 123,000 STRK Shares for net proceeds of approximately $10.7 million and did not sell any shares of class A common stock under its at-the-market offering program. ($10.7M proceeds) |
240M | 0 |
| Feb 18, 2025 |
10-K filing | 237.7M shares outstanding |
240M | 0 |
| Oct 31, 2024 |
10-Q filing | 197.3M shares outstanding |
200M | 0 |
| Aug 07, 2024 |
Stock Split
8-K filing: Stock split 10-for-1 | Outstanding: 17,861,000 → 178,610,000 |
180M | 0 |
| Aug 06, 2024 |
10-Q filing | 17.9M shares outstanding |
18M | 0 |
| May 01, 2024 |
10-Q filing | 17.2M shares outstanding |
17M | 0 |
| Feb 15, 2024 |
10-K filing | 13.7M shares outstanding |
14M | 0 |
| Nov 01, 2023 |
10-Q filing | 12.6M shares outstanding |
13M | 0 |
| Aug 01, 2023 |
10-Q filing | 13.2M shares outstanding |
13M | 0 |
| May 01, 2023 |
10-Q filing | 11.8M shares outstanding |
12M | 0 |
| Feb 16, 2023 |
10-K filing | 9.6M shares outstanding |
9.6M | 0 |
| Nov 01, 2022 |
10-Q filing | 9.4M shares outstanding |
9.4M | 0 |
| Aug 02, 2022 |
10-Q filing | 9.3M shares outstanding |
9.3M | 0 |
| May 03, 2022 |
10-Q filing | 9.3M shares outstanding |
9.3M | 0 |
| Feb 16, 2022 |
10-K filing | 10.0M shares outstanding |
10M | 0 |
| Oct 28, 2021 |
10-Q filing | 8.4M shares outstanding |
8.4M | 0 |
| Jul 29, 2021 |
10-Q filing | 7.8M shares outstanding |
7.8M | 0 |
| Apr 29, 2021 |
10-Q filing | 7.8M shares outstanding |
7.8M | 0 |
| Feb 12, 2021 |
10-K filing | 7.6M shares outstanding |
7.6M | 0 |
| Oct 27, 2020 |
10-Q filing | 7.3M shares outstanding |
7.3M | 0 |
| Jul 28, 2020 |
10-Q filing | 7.7M shares outstanding |
7.7M | 0 |
| Apr 28, 2020 |
10-Q filing | 7.7M shares outstanding |
7.7M | 0 |
| Feb 14, 2020 |
10-K filing | 8.1M shares outstanding |
8.1M | 0 |