Strategy bought back $1.5 billion of its 2029 convertible notes for $1.38 billion in cash. The move reduced the company's total convertible debt to $6.7 billion.
Strategy completed the repurchase in privately negotiated transactions last week. It used cash reserves rather than selling bitcoin, cutting those reserves to $871 million from a higher level beforehand.
X users noted Strategy repurchased $1.5B in convertible notes at a discount using cash reserves without selling Bitcoin, reducing debt to $6.7B. Positive reactions praised the balance sheet cleanup and BTC yield. Some expressed skepticism over the market's negative stock reaction and preference for debt management over further BTC buys. Others highlighted risks in the complex capital structure or cited critics questioning cash reserves.
Strategy has used their USD Reserve to repurchase the $1.5 billion in convertible loans.
— Ragnar (@RoaringRagnar) May 26, 2026
So it was not (2) or (3), it ended up being option (1) after all 😂@ZynxBTC https://t.co/CwXI5l0nl3 pic.twitter.com/cLoye1JFpF
@Strategy did what they said they would.
— The Daily Stack 🥞 (@DailyStackHQ) May 26, 2026
✅ $1.5B in convertible notes, bought back for $1.38B
✅ Zero Bitcoin sold. Not one sat.
✅ Debt trimmed down to ~$6.7B
Is the thesis playing out exactly as designed? pic.twitter.com/aOvYrr2uSK
Strategy just bought back $1.5 billion of its own debt at an 8% discount, paying $1.38B to retire notes that would have created a big repayment wall in mid-2028. Total outstanding convertible debt is now down to $6.7 billion.
— Todayq News (@todayqnews) May 26, 2026
Markets didn't love it though, the stock dropped 3%…
Peter Schiff says Michael Saylor is running out of cash after Strategy’s $1.5B debt repurchase, questioning what he will sell next to keep the wheels from falling off.
— ElmerGavin $XAGE (@elmer56888) May 26, 2026
This is a valid balance sheet discussion, but the framing is too one-sided.
— ZenAlgo.com (@ZenAlgo_io) May 26, 2026
Strategy buying back 2029 convertible debt at a discount is not automatically a red flag.
It can also be read as liability management:
retire debt below par,
reduce future obligations,
and clean up the…
Reported by AI Image generated by AI
Strategy acquired 1,550 Bitcoin for approximately $101 million during the week ended June 7. The purchase raised the company's total holdings to 845,256 BTC. It also increased its U.S. dollar reserves by $100 million to reach $1 billion.
Strategy, the world's largest Bitcoin treasury company, agreed on May 15 to repurchase roughly $1.5 billion principal amount of its 2029 convertible notes for an estimated $1.38 billion in cash. The firm may fund the transaction through cash reserves, ATM equity sales, or Bitcoin proceeds.
Reported by AI
Strategy acquired 24869 bitcoin last week in a purchase valued at 2.01 billion dollars. The transaction was funded largely through sales of its preferred stock. The move increased the firm's total holdings to 843738 bitcoin.
Strategy executive chairman Michael Saylor posted a chart on Sunday suggesting another Bitcoin acquisition could follow. The post came as the company faces growing questions over its finances and recent Bitcoin sale.
Reported by AI
Bitcoin has fallen sharply in recent days, with prices trading near $63,500 after dropping below $62,000 at times. Strategy sold 32 Bitcoin last week, its first such move in over three years, while chairman Michael Saylor attributed the decline to capital rotation into artificial intelligence.
Michael Saylor, chairman of Strategy, posted on X to indicate that the Bitcoin treasury firm plans to purchase BTC this week. He also called on retail holders to participate in the STRC proxy vote.
Reported by AI
Bitcoin climbed above $82,000 on May 6, driven by reports of easing tensions between the United States and Iran. Oil prices fell sharply as President Donald Trump paused a military operation in the Strait of Hormuz. The move triggered more than $200 million in short liquidations.