JUST IN: Strategy buys back $1.5B of 0% 2029 convertible notes at ~8% below par; convertible debt falls to $6.7B

JUST IN: Strategy has completed the repurchase of $1.5B of its 0% Convertible Senior Notes due 2029 at an approximately 8% discount to par, reducing total convertible debt outstanding from $8.2B to $6.7B. The company said the transaction delivered an incremental 0.7% BTC Yield, equivalent to 4,391 BTC, or about $333M in BTC $ Gain. As of May 25, 2026, Strategy reported BTC holdings of 843,738 BTC and a USD reserve of $871M. Year-to-date, the company posted BTC Yield of 13.3%, BTC Gain of 89,378 BTC, and BTC $ Gain of $6.8B.