Strategy Cuts $1.5B in Convertible Debt as Weekly Bitcoin Buying Pauses

• Strategy reduced convertible debt to $6.7 billion after repurchasing $1.5 billion of 2029 notes.
• Strategy held 843,738 BTC after pausing additional weekly Bitcoin purchases in late May.
• Strategy’s 2026 BTC Yield reached 13.3%, with BTC Gain rising to 89,378 Bitcoin.

Strategy used the second half of May to reduce debt while pausing additional weekly Bitcoin purchases. According to official reports, the company completed a $1.5 billion repurchase of its 0% convertible senior notes due 2029 at roughly 8% below par. The transaction cut total convertible debt from $8.2 billion to $6.7 billion.

Strategy Reports 13.3% YTD BTC Yield After Debt Repurchase 

As noted in the report, the repurchase cost was about $1.38 billion in cash, creating a discount against the notes’ face value. Strategy said the transaction generated a BTC Yield of 0.7%, equal to a BTC Gain of 4,…

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