Michael Saylor: Plans to convert $6 billion of convertible debt into equity within 3 to 6 years

The founder of Strategy, Michael Saylor, revealed that the company plans to convert its $6 billion convertible debt into equity within 3 to 6 years. The company stated on the X platform that even if the BTC price drops to $8,000, Strategy still has enough assets to fully cover its debt.

Currently, the company holds 714,644 BTC, with reserves valued at $49 billion, and its convertible debt is approximately $6 billion. Strategy's average purchase price for Bitcoin is around $76,000, and with the current trading price of $68,400, the company's investment is currently down about 10%. Additionally, Saylor posted a chart of Strategy's increased holdings on the X platform on Sunday, suggesting that the company will buy Bitcoin again, marking the 12th consecutive week of purchases.