Strategy Completes $1.5 Billion Convertible Note Repurchase at 8% Discount, Cuts Convertible Debt to $6.7 Billion
Strategy completed the repurchase of $1.5 billion of its 2029 convertible notes for about $1.38 billion in cash, an 8% discount that reduced total convertible debt to $6.7 billion from $8.2 billion. The company, led by Executive Chairman Michael Saylor, said it held 843,738 Bitcoin and $871 million in US dollar reserves after the transaction.
The deal completes a plan disclosed earlier to retire about half of the $3 billion of 0% notes Strategy issued in November 2024 to fund Bitcoin purchases. Earlier disclosures had listed Bitcoin sales as one possible funding source for the buyback, while Strategy also said proceeds from stock sales were used to buy 24,869 Bitcoin, lifting its year-to-date BTC yield to 13.3%.
From the sources (12 posts)
@saylorThis week we bought bonds, not bitcoin. The ₿itVac is charging.
@cryptorover💥BREAKING: Michael Saylor says he's buying bonds to buy more $BTC.
@degeneratenewsSAYLOR: THIS WEEK WE BOUGHT BONDS, NOT BITCOIN $MSTR bitcoin:native
@cointelegraph⚡️ JUST IN: “This week we bought bonds, not Bitcoin. The ₿itVac is charging.” — Michael Saylor What is Saylor cooking?
@kalshi_cryptoJUST IN: Michael Saylor did not buy Bitcoin this week
@wublockchainMichael Saylor: Does not rule out Strategy selling some Bitcoin by year end On May 21, 2026, Strategy Executive Chairman Michael Saylor @saylor responded to market speculation regarding potential Bitcoin sell-offs during an interview on
@coinmarketcapLATEST: 💰 Strategy has agreed to buy back about $1.5B of its 2029 convertible notes at a discount, with Bitcoin sales listed as one possible funding source.
@auronbtcIn November 2024, Strategy borrowed $3B at 0% interest to buy Bitcoin. In May 2026, they bought half of it back — for 92¢ on the dollar. $120M captured. 2.23M shares of future dilution removed. BTC yield: +0.8% from a single trade. $MSTR
@coinmarketcapJUST IN: ⚡ Strategy has repurchased $1.5B in convertible notes at an 8% discount, cutting its debt load from $8.2B to $6.7B.
@bitcoinnewsStrategy Cuts $1.5B in Convertible Debt and Grows Bitcoin Holdings to 843,738 BTC
@coindeskJUST IN: Michael @Saylor's @Strategy completes its $1.5B convertible note repurchase at an 8% discount, lowering total convertible debt from $8.2B to $6.7B, with 843,738 $BTC held and $871M in USD reserves.
@bitcoinnews🟠 Strategy completed the repurchase of $1.5 billion in convertible notes for approximately $1.38 billion in cash. The company used proceeds from stock sales to buy 24,869 $BTC. 💰 Strategy now holds a total of 843,738 #Bitcoin with a year-