Strategy repurchases $1.5B convertible notes at discount, buys 24,869 BTC with new preferred & equity proceeds

Strategy Inc

Repurchased $1.5B of 2029 0% convertible notes for ~$1.38B (8% discount), reducing outstanding convertibles to $6.7B.
Issued $2.0B of STRC perpetual preferred and $84M of MSTR common stock to buy 24,869 bitcoin.
Generated BTC Yield 0.7% from debt repurchase and year-to-date BTC Yield 13.3%.
As of May 25, holds 843,738 bitcoin at avg cost ~$75,700; USD Reserve stands at $871M.
No ATM sales or bitcoin purchases during May 18-25, 2026.

item 8.01 item 7.01 item 9.01

Machine-readable event card

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accession: 0001193125-26-237907
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discovered_at: 2026-05-26T12:05:00.340648+00:00
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Source: SEC EDGAR

accession 0001193125-26-237907

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