Strategy Plans to Convert $6 Billion Debt to Equity in Coming Years

Strategy founder Michael Saylor has announced the company's intention to convert its $6 billion convertible debt into equity over the next three to six years. According to ChainCatcher, the company stated on the X platform that it has sufficient assets to fully cover its debt, even if Bitcoin's price falls to $8,000. Currently, Strategy holds 714,644 BTC, with reserves valued at $49 billion, while its convertible debt stands at approximately $6 billion. The company's average purchase price for Bitcoin is around $76,000. With the current trading price at $68,400, Strategy's investment is currently experiencing a loss of about 10%. Additionally, Saylor shared a chart on the X platform on Sunday, indicating Strategy's continued acquisition of Bitcoin, suggesting another purchase is imminent. This would mark the company's 12th consecutive week of Bitcoin purchases.