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Strategy’s STRC Preferred Stock Hits Record $1.53 Billion Trading Volume as Company Plans $1.5 Billion 2029 Note Repurchase

According to market tracking and Strategy’s Form 8-K, the company raised about $2.03 billion through STRC in four trading days and agreed to repurchase about $1.5 billion of 2029 convertible notes for roughly $1.38 billion in cash.

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Fact Check
All three key claims are strongly corroborated by primary sources. The $1.53 billion STRC record daily trading volume is confirmed by multiple independent sources including CoinMarketCap, Bitcoin Magazine, and Cryptopolitan, all citing Saylor's own announcement. The ~$2.03 billion raised through STRC in four trading days (May 11-14) is confirmed by Cryptopolitan. Most critically, the $1.5 billion 2029 convertible notes repurchase for ~$1.38 billion in cash is confirmed directly by Strategy's own Form 8-K PDF (fetched from strategy.com) and the official Strategy press release page. The Form 8-K is the definitive primary source for the debt repurchase terms. All figures are internally consistent across sources. The minor residual uncertainty (3%) reflects the fact that the $2.03 billion four-day STRC raise figure comes from secondary reporting rather than a directly fetched SEC filing, though it is consistent with the record volume data.
Summary

Strategy’s financing activity accelerated across both preferred equity and debt management. Recent market tracking indicated the company raised about $2.03 billion through its STRC at-the-market program over four trading days from May 11 to May 14, including roughly $1.17 billion in net proceeds on May 14, when daily trading volume exceeded $1.53 billion. The inflows were expressed as the equivalent of 2,543 BTC on May 11, 2,982 BTC on May 12, 5,164 BTC on May 13, and 14,439 BTC on May 14. STRC’s market capitalization reached about $8.5 billion, while the preferred stock continued to offer an 11.5% annual yield and remained central to funding potential future Bitcoin purchases, although no large acquisition tied directly to these proceeds was confirmed beyond a roughly $43 million BTC purchase on May 11. Separately, Strategy disclosed in a Form 8-K that it agreed to privately repurchase about $1.5 billion principal amount of its 0% convertible senior notes due 2029 for approximately $1.38 billion in cash, with the transaction expected to close on May 19. The company said funding could come from cash reserves, at-the-market sales, and/or Bitcoin sales, and the repurchase would retire about half of its outstanding 2029 notes as part of broader balance-sheet management within its Bitcoin treasury strategy.

Terms & Concepts
  • Preferred stock: A class of shares that typically pays fixed or variable dividends and usually ranks above common stock in payouts, often used by companies to raise capital.
  • Convertible senior notes: Debt securities that rank ahead of junior debt and can usually be converted into company shares under specified terms.
  • At-the-market issuance: A capital-raising method that lets a company sell securities gradually into the open market rather than through a single large offering.