Strategy (MSTR) Files to Repurchase $1.5B in 2029 Convertible Notes as STRC Hits Record $1.53B Daily Volume

MicroStrategy plans to repurchase $1.5 billion in convertible notes due 2029, as its preferred stock instrument STRC hits a record daily volume of $1.53 billion. The company has grown its market capitalization to approximately $8.5 billion since launching less than nine months ago. MicroStrategy holds 818,869 Bitcoin acquired at a total cost of approximately $61.81 billion.