Strategy Plans $1.5B Convertible Note Buyback

Bitcoin treasury company Strategy announced plans to repurchase approximately $1.5 billion worth of convertible notes due in 2029 as part of efforts to reduce its debt burden.

The company entered privately negotiated agreements with selected note holders and expects the transaction value near $1.38 billion, although the final amount could change depending on market conditions.

Strategy said funding may come from cash reserves, equity issuance programs and potentially Bitcoin sales if necessary.

The move follows earlier comments from Executive Chairman Michael Saylor, who indicated the company plans to gradually convert debt into equity over the next several years.

Strategy remains the world’s largest corporate Bitcoin holder with more than 818,000 BTC valued at roughly $64 billion. The company has relied heavily on capital markets and equity instruments to finance purchases and continues expanding its long-term Bitcoin accumulation strategy despite growing debt obligations.

Strategy to repurchase $1.5 billion principal amount of 2029 convertible notes. $MSTR $STRC https://t.co/QVYDSr5keh

— Strategy (@Strategy) May 15, 2026

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