Strategy taps cash reserve to retire $1.5 billion in convertible debt
Key takeaways
- Published May 26, 2026, 12:19 p.m. 1 min read Make preferred on Strategy Executive Chairman Michael Saylor.
- The company funded the repurchase using cash reserves, bringing those reserves down to about $871 million following the debt repurchase and related capital transactions.
- Executive Chairman Michael Saylor referenced the move on Sunday in a post on X, writing: “This week we bought bonds, not bitcoin.
Published May 26, 2026, 12:19 p.m. 1 min read Make preferred on Strategy Executive Chairman Michael Saylor. (Nikhilesh De/Coin Desk))What to know: Strategy repurchased $1.5 billion of its 0% convertible senior notes due 2029 for $1.38 billion in privately negotiated transactions.Strategy used cash to buy the debt, which lowered the company's cash reserve to $871 millionMSTR is higher by 1.9% premarket alongside a modest increase in the price of bitcoin back to $77,000.Disclosure: The author of this story owns shares in Strategy (MSTR).Strategy (MSTR), the world’s largest corporate holder of bitcoin BTC$77,166.67, repurchased $1.5 billion of its 0% convertible senior notes due 2029 last week for $1.38 billion, opting to reduce debt rather than add to its bitcoin treasury, according to a filing released Tuesday.
The company funded the repurchase using cash reserves, bringing those reserves down to about $871 million following the debt repurchase and related capital transactions.
Executive Chairman Michael Saylor referenced the move on Sunday in a post on X, writing: “This week we bought bonds, not bitcoin. The ₿itVac is charging.”