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    MicroStrategy spends 60% of cash reserves to pay back $1.5B of convertible debt. Now only has $0.87B cash left (which only covers 6.1 months of STRC dividends) for the remaining $6.7B of debt.
    Cryptocurrency

    MicroStrategy spends 60% of cash reserves to pay back $1.5B of convertible debt. Now only has $0.87B cash left (which only covers 6.1 months of STRC dividends) for the remaining $6.7B of debt.


    Microstrategy just paid off $1.5B of their $8.2B convertible debt, and they did it by spending $1.38 of $2.25B (60%) of their remaining cash reserves. The good news for Bitcoiners is that they did it without selling BTC. The bad news for Bitcoiners is that they now only have $0.87B of cash left, and might be forced to sell BTC in the near future at less opportune timing in a bear market. Until they replenish the reserve, this cash reserve now provides only 6 months of STRC dividends (it was 1.5 years before).

    https://www.strategy.com/press/strategy-completes-1-5-billion-debt-repurchase-and-achieves-btc-yield-of-13-3-ytd-now-holds-843738-btc_05-26-2026

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    6 Comments

    2. Jiecut on

      Not sure why they paid off 2029 debt so early. Though won’t be too difficult to add another billion to their USD reserve.

    3. Automatic_Branch_367 on

      They will just sell more STRC to pay the dividends on STRC. Problem solved!