Strategy Repurchases $1.5 Billion of Its Own Bonds
Strategy has repurchased $1.5 billion of its own convertible notes maturing in 2029. The transaction was carried out at a discount of around 8% 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 the financial operation, the company’s aggregate debt decreased to $6.7 billion. The BTC Yield per share increased by 0.7%. Since the beginning of the year, this indicator has reached 13.3%.
During the week ending May 25, Strategy did not purchase any cryptocurrency. The company holds 843,738 $BTC on its balance sheet.
The total value of its accumulated digital assets is approximately $63.87 billion. The company’s average purchase price per bitcoin over the entire period was around $75,700.
Company founder Michael Saylor noted that a flexible capital structure allows the balance sheet to be optimised depending on market conditions. The firm’s liquid reserve in US dollars currently stands at $871 million. Management plans to replenish it in the future.
Bitcoin Treasuries
Last week, small public companies purchased 602.6 $BTC worth around $46 million:
Strive bought 381.6 $BTC;
DDC Enterprise Limited — 200 $BTC;
The Smarter Web Company — 19 $BTC;
Hyperscale Data — 2 $BTC.
The firms made their purchases when the bitcoin price fell below $80,000. For example, Strive bought the asset at an average price of $79,348, while DDC bought it at $79,496.
The activity of small businesses coincided with outflows from spot exchange-traded funds based on the first cryptocurrency. Over six trading days, $1.54 billion was withdrawn from these instruments. Santiment analysts called this a “contrarian indicator”, noting that ETF investors’ behaviour more often reflects retail sentiment rather than “smart money”.
At present, 198 public companies hold bitcoin treasuries. They collectively control 1.24 million $BTC — almost 6% of the asset’s total market supply.

Source: BitcoinTreasuries.
As a reminder, in May, SharpLink Gaming CEO Joseph Shalom criticised Strategy’s approach to managing crypto assets.
See also: "$NEAR Surged 75% Despite the Broader Market Decline"
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