Michael Saylor Didn’t Buy Bitcoin This Week: Here’s What Strategy Bought Instead
BeInCrypto
Strategy opted to repurchase $1.5 billion of its convertible bonds at a discount instead of purchasing Bitcoin this week.Summary
Michael Saylor announced that Strategy paused its Bitcoin accumulation to repurchase approximately $1.5 billion of its own convertible senior notes. By buying back this debt below face value, the company realized a $120 million saving, effectively reducing future liabilities and increasing balance sheet flexibility. Saylor indicated this is a temporary move, describing the company’s Bitcoin buying engine as currently "charging" for future activity.
(Source：BeInCrypto)