Strategy Retires $1.5 Billion in Convertible Debt at 8% Discount, BTC Holdings Reach 843,738

Strategy Inc. has completed the repurchase of $1.5 billion in principal of its 0% convertible notes due 2029 for approximately $1.38 billion in cash — an 8% discount to par — as part of a series of capital-markets transactions executed May 11-25, according to a company press release. The debt repurchase generated a BTC Yield of 0.7% and a BTC Gain of 4,391 bitcoin, reducing total convertible notes outstanding from $8.2 billion to $6.7 billion. Strategy also issued $2 billion notional of preferred stock and $84 million of common stock, using the proceeds to acquire an additional 24,869 bitcoin. As of May 25, Strategy holds 843,738 bitcoin, with year-to-date BTC Yield of 13.3%, a BTC Gain of 89,378 bitcoin, and a BTC dollar gain of $6.8 billion. The company maintains a USD Reserve of $871 million.