secwatch.observer — SEC 8-K summary
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Issuer:     Strategy Inc (MSTR)
CIK:        0001050446
Form:       8-K
Filed at:   2026-05-26T12:00:15+00:00
Accession:  0001193125-26-237907
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050446/000119312526237907/0001193125-26-237907-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050446/000119312526237907/mstr-20260526.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-237907

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer