MicroStrategy outlines multi‑year plan to convert $6 billion in convertible debt into equity

MicroStrategy plans to gradually convert around $6 billion of its convertible bond debt into equity over a three‑to‑six‑year period, aiming to lessen leverage on its balance sheet. The firm says its Bitcoin reserves of roughly $49 billion, or 714,644 BTC, would still fully cover its debt even if BTC fell about 88% to $8,000, while its share price remains 70% below a mid‑July all‑time high.