Strategy completed a repurchase of $1.5 billion in face value of convertible notes due 2029 at an 8% discount, using about $1.38 billion in cash, or 61% of its dedicated cash buffer, and reducing aggregate convertible debt from $8.2 billion to $6.7 billion. Company filings said Strategy made no new Bitcoin purchases for the week ended May 25 and did not sell Bitcoin to fund the transaction, leaving holdings at 843,738 BTC and preserving $871 million in U.S. dollar reserves. Separate reporting also said proceeds from stock sales had been used to acquire 24,869 Bitcoin, bringing total holdings to 843,738 BTC, and that Strategy’s year-to-date BTC Yield stood at 13.3%, leaving the timing of that purchase versus the no-purchase weekly filing as the main discrepancy. Overall, the merged reporting shows Strategy using reserved cash for liability management while maintaining its Bitcoin treasury strategy.