Strategy Inc. announced the completion of a series of capital markets transactions between May 11-25, 2026, aimed at optimizing its capital structure. The company repurchased $1.5 billion of its convertible senior notes at a discount while simultaneously issuing new preferred and common stock to fund the acquisition of additional bitcoin.
Key Details
- Debt Repurchase: The company repurchased $1.5 billion in aggregate principal of its 0% Convertible Senior Notes due 2029 for approximately $1.38 billion in cash, representing an 8% discount to par.
- Capital Raise & Bitcoin Acquisition: Issued an additional $2.0 billion in preferred stock (STRC) and $84 million in common stock (MSTR), using the proceeds to purchase 24,869 bitcoin.
- Balance Sheet Update: As of May 25, 2026, total convertible note principal was reduced to $6.7 billion, total bitcoin holdings reached 843,738, and the company's USD Reserve stood at $871 million.