Strategy retired $1.5 billion in convertible debt at an 8% discount, bringing its holdings to 843,738 BTC as it actively rebalances its capital structure.

How did Michael Saylor's firm amass a record stash of Bitcoin? Here's a look back at how Strategy made such massive gains.

Strategy paused reported bitcoin buying as Saylor said its “BitVac” is charging, highlighting bond-related activity after holdings climbed to 843,738 BTC.

Strategy repurchased $1.5B of 2029 convertible notes below par without touching its 843,738 Bitcoin reserves.

Michael Saylor and team funded the repurchases using cash as it restructures liabilities tied to its BTC treasury strategy.

Strategy used 61% of its dedicated cash buffer to repurchase $1.5 billion in convertible notes, leaving its Bitcoin stash untouched.

Smaller Bitcoin treasury companies added $46 million worth of BTC during the previous week, while Bitmine and Michael Saylor’s Strategy paused weekly investments.

Strategy retired $1.5 billion in convertible debt at an 8% discount, bringing its holdings to 843,738 BTC as it actively rebalances its capital structure.