Michael Saylor’s Strategy (NASDAQ: MSTR) said in a May 18 SEC filing that it repurchased about $1.5 billion in principal of its 0% Convertible Senior Notes due 2029 at an 8% discount, cutting total convertible debt from $8.2 billion to $6.7 billion. In the same disclosure, the company said it bought 24,869 bitcoin for approximately $2.01 billion between May 11 and May 17.

The BTC was purchases were funded through at-the-market equity sales, bringing total holdings to 843,738 BTC.

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