Strategy Inc repurchasing $1.5B of convertible notes at discount, may sell bitcoin or stock

Filed May 15, 2026 · Period ending May 4, 2026 · ~1 min read

Key Changes

• high

  Company buying back $1.5 billion face value of 2029 convertible notes for ~$1.38 billion cash, a discount to par that reduces debt but consumes significant liquidity.

  Item 8.01 — Other Events verify on EDGAR →
• high

  Repurchase will be funded through cash reserves, new share sales via ATM program (diluting existing holders), and/or selling bitcoin from company holdings.

  Item 8.01 — Other Events verify on EDGAR →
• medium

  Transaction expected to settle May 19, 2026; after cancellation, $1.5 billion of the 2029 notes will remain outstanding (half the original issuance).

  Item 8.01 — Other Events verify on EDGAR →