Strategy Inc. Reduces Debt by $1.5 Billion and Increases Bitcoin Holdings
Strategy Retires $1.5 Billion in Convertible Debt at 8% Discount, BTC Holdings Reach 843,738
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Strategy Inc. has repurchased $1.5 billion in convertible debt at an 8% discount, reducing total outstanding notes to $6.7 billion. The company now holds 843,738 bitcoin, with a year-to-date BTC yield of 13.3% and a dollar gain of $6.8 billion.
- 01The repurchase of $1.5 billion in convertible notes was completed for $1.38 billion in cash.
- 02The total convertible notes outstanding decreased from $8.2 billion to $6.7 billion after the transaction.
- 03Strategy issued $2 billion in preferred stock and $84 million in common stock to fund additional bitcoin purchases.
- 04The company acquired 24,869 bitcoin, increasing its total holdings to 843,738 bitcoin.
- 05Strategy's year-to-date BTC yield is 13.3%, with a BTC gain of 89,378 bitcoin and a dollar gain of $6.8 billion.
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Strategy Inc. has successfully completed the repurchase of $1.5 billion in principal of its 0% convertible notes due in 2029 for approximately $1.38 billion, reflecting an 8% discount to par value. This transaction was part of a broader series of capital-market activities conducted between May 11 and May 25. Following the repurchase, the company's total outstanding convertible notes decreased from $8.2 billion to $6.7 billion. Additionally, Strategy issued $2 billion in preferred stock and $84 million in common stock to acquire an extra 24,869 bitcoin. As of May 25, the company holds a total of 843,738 bitcoin, achieving a year-to-date BTC yield of 13.3% and a dollar gain of $6.8 billion, alongside a USD reserve of $871 million.
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