Strategy Pauses Bitcoin Buying as $1.5B Bond Repurchase Takes Priority
Strategy Inc. said it paused its usual bitcoin purchases, with Michael Saylor posting that the company bought bonds instead “as it works through” a convertible-note repurchase. Strategy agreed to repurchase about $1.50B of 0% Convertible Senior Notes due 2029 for an estimated $1.38B cash, with final price tied to stock performance. It also reported buying 24,869 BTC for ~$2.01B, raising total holdings to 843,738 BTC (~$63.9B).