Strategy’s Financial Milestone: A Shift in Capital Structure and Bitcoin Strategy

Strategy US5949724083

Strategy (MSTR) has reached a pivotal juncture in its corporate finance journey, marked by two concurrent and significant developments. The company’s balance sheet has undergone a fundamental transformation, while its Executive Chairman, Michael Saylor, is signaling a potential acceleration in its core asset acquisition strategy.

A landmark shift occurred in Strategy’s financial framework on Thursday, January 22, 2026. For the first time, the principal amount of the company’s perpetual preferred stock has surpassed the value of its outstanding convertible notes. Corporate data reveals the perpetual preferred capital now stands at $8.36 billion, edging ahead of the $8.2 billion in convertible debt.