Strategy Retires $1.5B Debt at Discount, Boosts BTC Yield…

Strategy, the world's largest corporate Bitcoin holder, completed the repurchase of $1.5 billion in convertible notes due 2029 at roughly an 8% discount to face value. The move added 0.7 percentage points to its Bitcoin yield metric and trimmed total debt to $6.7 billion — a deliberate balance-sheet tightening rather than a passive maturity.

The company's 2026 year-to-date Bitcoin yield now stands at 13.3%, a figure Strategy uses as a proxy for how efficiently it is accumulating BTC relative to diluted share count. Notably, Strategy did not purchase additional Bitcoin in the week ended May 25, leaving its holdings unchanged at 843,738 BTC acquired for approximately $63.87 billion at an average cost of roughly $75,700 per coin.