Strategy (MSTR) Files to Repurchase $1.5B in 2029 Convertible Notes as STRC Hits Record $1.53B Daily Volume
Strategy is repurchasing $1.5 billion in convertible notes as its preferred stock, STRC, achieves record daily trading volume.Summary
Strategy, formerly known as MicroStrategy, has announced plans to repurchase $1.5 billion in convertible notes due in 2029. This financial maneuver occurs alongside record-breaking investor demand for the company’s preferred stock, STRC, which recently hit an all-time high daily trading volume of $1.53 billion.
STRC, currently the world’s largest preferred stock by market capitalization, offers an 11.5% dividend and serves as a key vehicle for the company’s capital restructuring. Executive Chairman Michael Saylor is also seeking shareholder approval to transition STRC dividends to a semi-monthly payment schedule to boost liquidity and demand. The company continues to aggressively expand its Bitcoin treasury, holding over 818,000 BTC, with analysts projecting significant further accumulation throughout 2026.
(Source：Bitcoin Magazine)