On May 18, 2026, Strategy added 24,869 bitcoin to its treasury for about $2.01 billion. The purchase pushes the company's total bitcoin holdings to 843,738 BTC. At the same time, the firm announced plans to retire $1.5 billion in convertible debt. Michael Saylor shared the news on X.
One more giant buy
This isn't a small dip-of-the-toe purchase. At roughly $80,800 per coin, the buy averages out to a significant premium over recent market prices — but that hasn't stopped Strategy before. The company has been steadily stacking bitcoin since 2020, and this latest haul is one of its largest single acquisitions. The total treasury now sits at just under 844,000 BTC, a position worth tens of billions at current prices.
Cleaning up the balance sheet
The debt retirement is a notable shift. Strategy is moving to retire $1.5 billion in convertible notes, a move that reduces leverage and interest obligations. The company didn't specify a timeline for the retirement, but the announcement suggests a focus on strengthening its financial structure after years of aggressive borrowing to buy bitcoin. Saylor has previously described the convertible debt strategy as a way to 'acquire bitcoin at a discount' — retiring it now could signal that the firm sees less advantage in that arbitrage going forward.
Strategy still holds convertible debt beyond the $1.5 billion it plans to retire. The company hasn't said whether this will slow its bitcoin purchases or if it plans to issue new debt to keep buying. Saylor's post on X didn't hint at any pause, but the market often watches these moves closely. The next quarterly filing should show whether the buying spree continues or shifts into a consolidation phase.
