---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-237907"
form_type: "8-K"
ticker: "MSTR"
cik: "0001050446"
company_name: "Strategy Inc"
filed_at: "2026-05-26T12:00:15+00:00"
generated_at: "2026-05-26T12:11:21.426703+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-237907
- form_type: 8-K
- ticker: MSTR
- cik: 0001050446
- company_name: Strategy Inc
- filed_at: 2026-05-26T12:00:15+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050446/000119312526237907/0001193125-26-237907-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050446/000119312526237907/mstr-20260526.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-237907
- JSON: https://secwatch.observer/filing/0001193125-26-237907.json
- Plain text: https://secwatch.observer/filing/0001193125-26-237907.txt

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