---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-225361"
form_type: "8-K"
ticker: "MSTR"
cik: "0001050446"
company_name: "Strategy Inc"
filed_at: "2026-05-15T12:00:17+00:00"
generated_at: "2026-05-15T12:07:40.131816+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Strategy repurchases $1.5B of 0% convertible notes due 2029 for ~$1.38B cash

## Summary
- Repurchased $1.50B aggregate principal of 0% Convertible Senior Notes due 2029 for estimated $1.38B cash.
- Funding sources include available cash, ATM proceeds, and/or bitcoin sale proceeds.
- Settlement expected on or about May 19, 2026; repurchased notes to be cancelled.
- Repurchase price will be adjusted based on MSTR stock VWAP during a measurement period.
- After cancellation, approximately $1.50B principal of 2029 Notes will remain outstanding.

## SEC filing metadata
- accession: 0001193125-26-225361
- form_type: 8-K
- ticker: MSTR
- cik: 0001050446
- company_name: Strategy Inc
- filed_at: 2026-05-15T12:00:17+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050446/000119312526225361/0001193125-26-225361-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050446/000119312526225361/mstr-20260504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-225361
- JSON: https://secwatch.observer/filing/0001193125-26-225361.json
- Plain text: https://secwatch.observer/filing/0001193125-26-225361.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.