2028 Convertible Notes
strategy_conv_2028
Terms
| Issuer | Strategy Inc | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | not stated | ||||||||||||||||
| Type | convertible note | ||||||||||||||||
| Rate policy | fixed | ||||||||||||||||
| Rate policy terms |
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| Cumulative | not stated | ||||||||||||||||
| Seniority rank | 1 | ||||||||||||||||
| Maturity | 2028-09-15 | ||||||||||||||||
| Liquidation preference | not stated | ||||||||||||||||
| Outstanding | 1,010,000,000 USD | ||||||||||||||||
| Currency | USD | ||||||||||||||||
| USD translation (issuer-filed) | not stated | ||||||||||||||||
| Status | outstanding |
Source for the seniority ranking
SEC EDGAR accession 0001050446-26-000044 (10-Q, period 2026-06-30), R13 Long-term Debt: "The Outstanding Convertible Notes are ... senior unsecured obligations of the Company ... equal in right of payment to any of the Company's unsecured indebtedness not so subordinated; effectively junior in right of payment to any of the Company's secured indebtedness to the extent of the value of the assets securing such indebtedness". Rank 1 of the registered stack, pari passu with the other five series. Senior to every preferred because the preferreds are EQUITY (mezzanine) and debt is paid before equity in liquidation — a structural ordering, not a quoted subordination clause. Junior to the issuer's other long-term secured debt (39; 800 thousand at 2026-06-30), which is not registered here.
Market
collecting (no market price is served for this instrument, so no yield, attachment point or coverage is derived)
Issuer bitcoin holdings
| Holdings, read from a filing | 848,250 BTC as of 2026-10-11 · 8-K, filed 2026-10-13 · 0001193125-26-419726What the filing saysDuring Period October 5, 2026 to October 11, 2026 As of October 11, 2026 BTC Purchased (1) Aggregate Purchase Price (in millions) (2) Average Purchase Price (2) Aggregate BTC Holdings Aggregate Purchase Price (in billions) (2) Average Purchase Price (2) 250 $ 21.5 $ 86,194 848,250 |
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Valued in the payload at $82,161 as at 2026-10-15. Holdings and price carry different as-of dates and are not restated to a common one.
Ask for this by machine
| REST | GET https://api.bitcoincreditstack.com/v1/market/corporate/instruments |
|---|---|
| MCP | get_corporate_instruments() |
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As of 2026-10-14