Strategy will maintain financial stability even if Bitcoin’s price plummets to $8000. This was stated by the company’s founder, Michael Saylor, who announced a plan to convert $6 billion in debt into equity.
Our plan is to equitize our convertible debt over the next 3–6 years. https://t.co/yRsCuCRNHl
— Michael Saylor (@saylor) February 15, 2026
The firm holds 714,644 BTC, with reserves valued at $49 billion. With convertible debt around $6 billion, the asset value would only match the debt if the cryptocurrency’s price fell by 88%.
Debt equitization involves exchanging bonds for shares instead of cash repayment. Creditors become co-owners of the company, reducing balance sheet pressure but diluting existing shareholders’ stakes due to additional share issuance.
Losses and New Purchases
Strategy’s average Bitcoin purchase price is approximately $76,000. At the current rate of $68,400, the company’s unrealized loss is estimated at 10%.
On February 15, Saylor published a chart of reserve accumulation, typically indicating a forthcoming deal. The purchase would be the twelfth in a row, despite market corrections.
MSTR shares closed the trading week up 8.8%, reaching $133.88. The shares trade 70% below the historical high of $456 set in mid-July. The stock’s movement correlates with Bitcoin’s 45% drop from its October peak.
Earlier in February, Strategy reported losses of $12.6 billion.