Strategy retired $1.5 billion in convertible debt at an 8% discount, bringing its holdings to 843,738 BTC as it actively rebalances its capital structure.

Strategy repurchased $1.5B of 2029 convertible notes below par without touching its 843,738 Bitcoin reserves.

Michael Saylor and team funded the repurchases using cash as it restructures liabilities tied to its BTC treasury strategy.