Strategy has raised money for bitcoin by selling convertible notes (bonds that can be exchanged for shares) and preferred stock. Large managers report their holdings of listed securities, including these, on Form 13F, so this ranks the seven Strategy fixed-income-style securities that appear in the June 30, 2026 filings by the value reported, with the number of filers holding each. Together they total $6.3 billion.
Data as of · holdings at Jun 30, 2026 (13F filings Jul 1–Aug 31, 2026) · note principal from Strategy's 10-Q for Jun 30
| Rank | Security | Type | Value reported | Filers | Amount reported | Share of series outstanding |
|---|---|---|---|---|---|---|
| 1 | 0% convertible notes due 2030 (2030B) | Convertible note | $1,716M | 41 | $1,894M principal | 95% |
| 2 | 0% convertible notes due 2029 | Convertible note | $1,270M | 48 | $1,469M principal | 98% |
| 3 | 0.625% convertible notes due 2028 | Convertible note | $1,046M | 37 | $1,007M principal | 100% |
| 4 | 0.625% convertible notes due 2030 (2030A) | Convertible note | $750M | 37 | $678M principal | 85% |
| 5 | 2.25% convertible notes due 2032 | Convertible note | $697M | 34 | $757M principal | 95% |
| 6 | 0.875% convertible notes due 2031 | Convertible note | $484M | 34 | $555M principal | 92% |
| 7 | Series A perpetual preferred stock (CUSIP 594972887) | Preferred stock | $329M | 88 | 5,686,108 shares | — |
Value reported = the dollar value in 13F reports for the CUSIP, summed over filers; amount = the principal of the notes (or shares of the preferred) reported. Options are excluded. Each note series is matched to its CUSIP by coupon and maturity month against the table in Strategy’s 10-Q (for example, the 0.625% note maturing in September is the 2028 series).12 Share of series outstanding = reported principal ÷ the principal outstanding at June 30 in that 10-Q; it can exceed 100% because a manager’s combination report may overlap another filer’s own report. Where a filer also made an amendment the original is used. The preferred CUSIP is labelled only “Series A perpetual preferred” in the filings; Strategy has more than one preferred series and the filings do not say which this is, so the page does not name it. Only managers with $100 million or more in 13(f) securities file.3 Observed facts, not a forecast.
A convertible note pays interest (some pay none) and can be exchanged for shares under set conditions; a perpetual preferred pays a stated dividend and has no maturity date. Both are ways of raising money that pull in fixed-income buyers. For how these instruments work, see how digital credit channels fixed-income money into bitcoin, and for the issuance sizes, the largest digital credit issuances.
41 filers reported $1,894 million of principal, valued at $1,716 million at June 30, 2026.1 Strategy’s June 30 10-Q shows $2,000.0 million of principal outstanding, so the reported amount is 95% of the series.2 The three largest reporters were D. E. Shaw & Co., Inc. ($517M), Linden Advisors LP ($220M), Aristeia Capital, L.l.c. ($146M).1
48 filers reported $1,469 million of principal, valued at $1,270 million at June 30, 2026.1 Strategy’s June 30 10-Q shows $1,500.0 million of principal outstanding, so the reported amount is 98% of the series.2 The three largest reporters were Voya Investment Management LLC ($358M), Aristeia Capital, L.l.c. ($336M), Context Capital Management, LLC ($116M).1
37 filers reported $1,007 million of principal, valued at $1,046 million at June 30, 2026.1 Strategy’s June 30 10-Q shows $1,010.0 million of principal outstanding, so the reported amount is 100% of the series.2 The three largest reporters were D. E. Shaw & Co., Inc. ($340M), Wolverine Asset Management LLC ($180M), Weiss Asset Management LP ($100M).1
37 filers reported $678 million of principal, valued at $750 million at June 30, 2026.1 Strategy’s June 30 10-Q shows $800.0 million of principal outstanding, so the reported amount is 85% of the series.2 The three largest reporters were Linden Advisors LP ($191M), Weiss Asset Management LP ($178M), Wolverine Asset Management LLC ($51M).1
34 filers reported $757 million of principal, valued at $697 million at June 30, 2026.1 Strategy’s June 30 10-Q shows $800.0 million of principal outstanding, so the reported amount is 95% of the series.2 The three largest reporters were Linden Advisors LP ($131M), Weiss Asset Management LP ($121M), Whitebox Advisors LLC ($112M).1
34 filers reported $555 million of principal, valued at $484 million at June 30, 2026.1 Strategy’s June 30 10-Q shows $603.7 million of principal outstanding, so the reported amount is 92% of the series.2 The three largest reporters were Linden Advisors LP ($108M), Weiss Asset Management LP ($107M), Verition Fund Management LLC ($44M).1
INFOTABLE, positions in CUSIPs beginning 594972 (Strategy Inc) other than its class A common stock, excluding options, retrieved 2026-11-04.For information only. Not financial advice. See the terms of use.