Cryptocurrency26 May 2026SEO 801 min read

Analysis: Strategy taps cash reserve to retire $1.5 billion in convertible debt

Michael Saylor and team funded the repurchases using cash as it restructures liabilities tied to its BTC treasury strategy. Strategy repurchased $1.5 billion o…

Michael Saylor and team funded the repurchases using cash as it restructures liabilities tied to its BTC treasury strategy. 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 million MSTR 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…

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