Stretch preferred stock proceeds funded the purchase of 11,707 bitcoin valued at nearly $1 billion through its at-the-market program. On May 14, Stretch trading volume hit a record $1.53 billion, over four times the 30-day average of $331 million; shares trade at $100 par and yield 11.5% annually, with an ex-dividend date on May 15.

Strategy agreed to repurchase $1.5 billion principal of its zero-coupon 2029 convertible senior notes for an estimated $1.38 billion in cash, retiring roughly half of the $3 billion issue. Settlement is expected around May 19, with funding drawn from cash reserves, its ATM stock program, or bitcoin sales; repurchased notes will be canceled.

As of May 10, Strategy held 818,869 bitcoin at an aggregate purchase cost of $61.86 billion (average $75,540 per coin). In the week of May 4–10, the company sold 231,324 Class A shares for $42.9 million net and acquired 535 bitcoin for $43 million; Q1 2026 revenue rose to $124.3 million while net loss widened to $12.54 billion.