Strategy (MSTR) revealed on Tuesday that it retired $1.5 billion in convertible debt last week by paying out $1.38 billion in cash on its balance sheet to bondholders.
The company touted the move as strengthening its credit profile and raising the bitcoin per share ratio for holders of MSTR common stock. “The repurchase of the 2029 converts is both equity… Related news Strategy Pauses Bitcoin Buying But May Start Selling 5/18/2026 Strategy’s sudden shift is negative for the bitcoin price. 5/18/2026 Strategy’s sudden shift is negative for the bitcoin price