Strategy Pauses Bitcoin Buying as $1.5B Bond Repurchase Takes Priority
Key takeaways
- (NASDAQ: $MSTR) broke from its usual bitcoin-buying rhythm this week, with Michael Saylor saying the company bought bonds instead of bitcoin as it works through a large convertible-note repurchase.
- This week’s focus sits on the liability side of the balance sheet.
- Ripple, The Company Behind XRP, Is Valued At $50 Billion
Strategy Pauses Bitcoin Buying as $1.5B Bond Repurchase Takes Priority Strategy Pauses Bitcoin Buying as $1.5B Bond Repurchase Takes Priority Crypto Prowl Mon, May 25, 2026 at 9:17 PM GMT+7 2 min read MSTR BTC-USD STRC STRD STRF Strategy Inc. (NASDAQ: $MSTR) broke from its usual bitcoin-buying rhythm this week, with Michael Saylor saying the company bought bonds instead of bitcoin as it works through a large convertible-note repurchase.
Saylor posted Sunday that “This week we bought bonds, not bitcoin,” adding that the “BitVac is charging.” The line arrived after investors had been watching for another purchase signal from Strategy, whose weekly bitcoin disclosures have become a regular market marker for treasury-style accumulation.
This week’s focus sits on the liability side of the balance sheet. Strategy agreed earlier this month to repurchase about $1.50 billion of its 0% Convertible Senior Notes due 2029 for an estimated $1.38 billion in cash. The company said the final cash price may change based partly on its stock price during the measurement period.