Strategy said it completed a repurchase of about $1.5 billion of its 0% convertible senior notes due 2029 for about $1.38 billion in cash, reducing its outstanding convertible debt to $6.7 billion.
Strategy said it has completed a repurchase of about $1.5 billion of its 0% convertible senior notes due 2029, using about $1.38 billion in cash to retire the debt at a discount.
The company said the transaction reduced its aggregate convertible notes outstanding to $6.7 billion from $8.2 billion.
According to Strategy, the repurchase was funded with available cash reserves and proceeds from at-the-market sales of securities. In its earlier SEC filing, the company also noted that bitcoin sales could be used as part of the funding mix.
The company said its USD Reserve stood at $871 million as of May 25, 2026. Strategy also said it now holds 843,738 bitcoin and reported year-to-date bitcoin yield of 13.3%.
The repurchase was first disclosed in an SEC filing on May 15, which said Strategy had entered privately negotiated transactions on May 14 and expected settlement around May 19. Strategy then confirmed on May 26 that the repurchase had been completed.
The move gives Strategy more room to manage its capital structure while keeping its bitcoin holdings intact and preserving liquidity flexibility.
Revision note
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