{"id":43796,"date":"2026-05-15T13:01:30","date_gmt":"2026-05-15T13:01:30","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=43796"},"modified":"2026-05-15T13:01:30","modified_gmt":"2026-05-15T13:01:30","slug":"strategy-mstr-files-to-repurchase-1-5b-in-2029-convertible-notes-as-strc-hits-record-1-53b-daily-volume","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=43796","title":{"rendered":"Strategy (MSTR) Files to Repurchase $1.5B in 2029 Convertible Notes as STRC Hits Record $1.53B Daily Volume"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nStrategy (MSTR) Files to Repurchase $1.5B in 2029 Convertible Notes as STRC Hits Record $1.53B Daily Volume<\/a><\/p>\n

<\/div>\n

Strategy, the Tysons Corner-based software and Bitcoin treasury firm formerly known as MicroStrategy, filed<\/a> a Form 8-K on Friday announcing plans to repurchase $1.5 billion of its convertible notes due 2029 \u2014 a significant balance sheet move that comes as the company\u2019s preferred stock instrument, STRC, continues to attract record investor demand.<\/p>\n

The repurchase announcement arrives one day after STRC, Strategy\u2019s Variable Rate Series A Perpetual Stretch Preferred Stock, recorded<\/a> an all-time high daily trading volume of $1.53 billion on Thursday, surpassing the prior record of $1.1 billion set on April 13.\u00a0<\/p>\n

Executive Chairman Michael Saylor confirmed the milestone on X, calling it \u201call-time high volume\u201d and describing the print as a signal of growing institutional confidence in the instrument.<\/p>\n

STRC pays<\/a> investors an 11.5% annualized dividend without diluting Strategy\u2019s common equity and has grown to approximately $8.5 billion in market capitalization since launching less than nine months ago, making it the world\u2019s largest preferred stock by market cap.\u00a0<\/p>\n

Thursday\u2019s trading activity could theoretically allow Strategy to raise roughly $735.4 million through its at-the-market issuance structure \u2014 sufficient to purchase approximately 9,066 Bitcoin at current prices.\u00a0<\/p>\n

The convertible note repurchase adds another dimension to Strategy\u2019s ongoing effort to restructure its capital stack. The company has publicly stated its intent to convert roughly $6 billion in convertible debt to equity over the next three to six years, with Saylor signaling the firm can withstand Bitcoin prices as low as $8,000 before its assets and debt would be at parity.\u00a0<\/p>\n

The 2029 notes being targeted in Friday\u2019s filing represent one of the nearer maturities the company will need to manage as it executes that transition.<\/p>\n

Strategy\u2019s bitcoin investment vehicles<\/h2>\n

Meanwhile, STRC and MSTR shareholders are also being asked to vote on a separate but related proposal: amending the STRC dividend structure from monthly to semi-monthly payments.\u00a0<\/p>\n

Voting on the amendment opened on April 28 and closes June 8, with the first semi-monthly payment expected on July 15 if approved. Saylor has framed<\/a> the change as a way to \u201cstabilize price, dampen cyclicality, drive liquidity, and grow demand\u201d \u2014 and ultimately to position STRC as what he has called the \u201cbiggest credit instrument in the world.\u201d<\/p>\n

Strategy currently holds 818,869 Bitcoin acquired<\/a> at a total cost of approximately $61.81 billion, or an average price of $75,537 per coin. The firm has accumulated over 101,000 Bitcoin since March alone, with more than 56,770 of those purchases occurring after April, as it continues to deploy capital from its preferred equity and at-the-market programs at an accelerating pace.<\/p>\n

JPMorgan analysts have projected Strategy\u2019s total Bitcoin purchases for 2026 could reach $30 billion.<\/p>\n

This post Strategy (MSTR) Files to Repurchase $1.5B in 2029 Convertible Notes as STRC Hits Record $1.53B Daily Volume<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Strategy (MSTR) Files to Repurchase $1.5B in 2029 Convertible Notes as STRC Hits Record $1.53B Daily Volume Strategy, the Tysons Corner-based software and Bitcoin treasury firm formerly known as MicroStrategy, filed a Form 8-K on Friday announcing plans to repurchase $1.5 billion of its convertible notes due 2029 \u2014 a significant balance sheet […]<\/p>\n","protected":false},"author":1,"featured_media":43797,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-43796","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nStrategy (MSTR) Files to Repurchase $1.5B in 2029 Convertible Notes as STRC Hits Record $1.53B Daily Volume - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=43796\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategy (MSTR) Files to Repurchase $1.5B in 2029 Convertible Notes as STRC Hits Record $1.53B Daily Volume - 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