Transaction Accretion Ledger

Every capital move, scored in sats.

Reverse-chronological accounting for Strategy capital events: what happened, what it changed per common share, and where the source filing lives.

Verdict tally

YTD 2026: 1 accretive · 0 neutral · 0 dilutive · 0 mixed

May 26, 2026 Convertible Buyback

Strategy Retires 2029 Converts Below Par

Strategy retired $1.5 billion of 2029 convertible principal for about $1.38 billion. The test is narrow: did buying back a dollar claim for roughly 92 cents add BTC-equivalent value per common share?

Source: Exhibit 99.1 to 8-K filed May 26, 2026

Accretive See math

Every capital move, scored in sats.

Strategy Retires 2029 Converts Below Par

No matching transactions