Strategy has repurchased its convertible bonds maturing in 2029 for $1.5 billion. The transaction was completed at an approximately 8% discount to par.
Strategy has completed the repurchase of $1.5 billion of its 2029 Convertible Notes at an ~8% discount to par, generating an incremental 0.7% BTC Yield and lowering aggregate debt to $6.7 billion. $MSTR $STRC https://t.co/cbx4BlpsKV
— Michael Saylor (@saylor) May 26, 2026
As a result of this financial maneuver, the company's total debt has decreased to $6.7 billion. The Bitcoin asset yield per share has increased by 0.7%, totaling 13.3% year-to-date.
During the week ending May 25, Strategy did not purchase any cryptocurrency. The company currently holds 843,738 BTC.
The total value of its accumulated digital assets is approximately $63.87 billion, with an average purchase price of around $75,700 per Bitcoin over the entire period.
Company founder Michael Saylor noted that the flexible capital structure allows for balance optimization depending on market conditions. The firm's liquid reserve in US dollars currently stands at $871 million, with plans for future replenishment.
Bitcoin Treasuries
Last week, several small public companies acquired 602.6 BTC for about $46 million:
- Strive purchased 381.6 BTC;
- DDC Enterprise Limited — 200 BTC;
- The Smarter Web Company — 19 BTC;
- Hyperscale Data — 2 BTC.
These firms made their purchases when Bitcoin's price fell below $80,000. For instance, Strive bought at an average price of $79,348, while DDC acquired at $79,496.
This activity among small businesses coincided with an outflow of funds from spot ETFs based on the leading cryptocurrency. Over six trading days, $1.54 billion was withdrawn from these instruments. Analysts at Santiment described this as a "contrarian indicator," noting that ETF investor behavior often reflects retail sentiment rather than that of "smart money."
Currently, there are 198 public companies holding Bitcoin treasuries, collectively owning 1.24 million BTC, which is nearly 6% of the total market supply of the asset.
Source: BitcoinTreasuries.It is worth noting that in May, Joseph Shalom, CEO of SharpLink Gaming, criticized Strategy's approach to managing crypto assets.