Strategy Buys Back $1.5B of Convertible Notes at Discount, Pauses Weekly Bitcoin Purchases

Strategy, the world's largest corporate Bitcoin holder, said it has repurchased $1.5 billion of 2029-dated convertible notes at an roughly 8% discount to face value. The move added 0.7 percentage points to the company's Bitcoin yield and reduced total debt to $6.7 billion. Strategy said its 2026 year-to-date Bitcoin yield increased to 13.3%. The company made no additional Bitcoin purchases in the week ended May 25, keeping holdings unchanged at 843,738 BTC. It has acquired the position for about $63.87 billion at an average cost of roughly $75,700 per Bitcoin.