Strategy Cuts Convertible Debt With $1.5B Note Buyback at 8% Discount

Strategy has repurchased $1.5B of its outstanding convertible notes at an 8% discount, reshaping its debt profile. The move lowers total convertible debt to $6.7B from $8.2B and also helped fund the purchase of an additional 24,869 BTC. After the transactions, the Michael Saylor-led company holds 843,738 BTC and reports $871M in liquid cash reserves.