Strategy repurchased $1.5 billion of 2029 convertible notes for $1.38 billion in cash, representing an 8% discount, while reducing total convertible debt from $8.2 billion to $6.7 billion.
The company said the move generated an incremental 0.7% BTC yield. Strategy now holds 843,738 BTC, acquired at an average price of roughly $75,700 per coin.
According to the article, Strategy has achieved a 13.3% year-to-date BTC yield in 2026, with total BTC gains of 89,378 coins worth approximately $6.8 billion.
The broader strategy is to retire higher-conversion-price debt using cash reserves, while also using new preferred stock and equity issuance to buy more Bitcoin. The goal is to optimize Strategy’s capital structure and increase Bitcoin per share without selling its BTC holdings.
Disclaimer: Video contains AI generated content.
#Strategy #Bitcoin #ConvertibleDebt
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