MicroStrategy Opts for Bond Buyback Over Bitcoin This Week as Saylor Signals Flexibility

According to Michael Saylor's statement on X, Strategy Inc., the largest corporate Bitcoin holder, purchased bonds instead of Bitcoin this week, with Saylor noting "This week we bought bonds, not bitcoin. The BitVac is charging." The company currently holds 843,738 BTC valued at approximately $65.25 billion, acquired for roughly $63.88 billion in total cost basis.

Strategy plans to repurchase nearly $1.5 billion in face value of its 0% convertible senior notes due 2029 for about $1.38 billion in cash. The bond buyback signals a deliberate shift toward balance sheet management. Days earlier, Saylor said during an interview that it was "not unlikely" Strategy could sell some Bitcoin before the end of 2026, citing the benefits of flexible capital allocation over reliance on any single asset class.