Strategy Inc. (NASDAQ:MSTR) founder Michael Saylor said on Sunday that the Bitcoin (CRYPTO: BTC)-hoarding company plans to convert its convertible debt into equity over the next three to six years.

Strategy Won’t Issue New Convertible Notes?

Saylor’s announcement came after Strategy declared that even if Bitcoin’s price dropped to $8,000, the company would still hold enough assets to cover its outstanding debt.

The firm highlighted its balance sheet, with $49 billion in BTC reserves against $6 billion in net debt—calculated as total outside debt minus cash reserves. In a downside scenario where Bitcoin’s price drops 88% to $8,000, the company said the reserves would shrink to…

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