Strategy agrees to repurchase about $1.50 billion of its 2029 convertible notes

What the company reported

• On May 14, 2026, Strategy agreed to repurchase approximately $1.50 billion principal amount of its 0% Convertible Senior Notes due 2029.
• The estimated cash price is approximately $1.38 billion; the final amount is adjusted using Strategy's class A stock price over a measurement period.
• It expects to fund this with cash reserves, at-the-market sale proceeds and/or proceeds from selling bitcoin.
• Settlement is expected on or about May 19, 2026, after which approximately $1.50 billion principal amount of the 2029 Notes remains outstanding.