Strategy Pauses Bitcoin Buying to Repurchase $1.5 Billion in Convertible Debt

Michael Saylors Strategy has temporarily paused its aggressive Bitcoin buying strategy this week, choosing instead to repurchase nearly $1.5 billion worth of convertible senior notes below face value. The move signals a short-term shift in capital allocation as the company focuses on strengthening its balance sheet while preparing for future Bitcoin accumulation. Strategys convertible bonds, issued in November 2024, are zero-interest corporate debt instruments set to mature in 2029. Investors can convert the notes into company shares if the stock reaches a predetermined price level. The…  Read more

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