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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
05/26/2026

Strategy Inc. Retires $1.5B in Convertible Debt, Maintains Bitcoin Holdings

What happened: Strategy Inc.

Strategy Inc. Retires $1.5B in Convertible Debt, Maintains Bitcoin Holdings

What happened: Strategy Inc. (formerly MicroStrategy) repurchased $1.5 billion face value of its 0% convertible senior notes due 2029 for $1.38 billion in cash, securing a $120 million discount. The company’s USD reserves now stand at $871 million, with no Bitcoin sold to fund the buyback. Strategy’s outstanding convertible-note principal drops to $6.7 billion, while its Bitcoin holdings remain at 843,738 BTC.

Why it matters: This marks a strategic shift for the company, which paused its high-profile Bitcoin accumulation to focus on liability management. While the move is framed as bullish—locking in a discount and freeing up the balance sheet—it is the first major deviation from Strategy’s relentless Bitcoin-buying approach. The market will be watching whether this signals a broader change in corporate treasury strategies among crypto-heavy firms.

Source: CoinDesk