SAEDNEWS: Strategy has announced that it is considering selling part of its Bitcoin reserves to redeem $1.5 billion in convertible bonds. Analysts warn that a potential sale of tens of thousands of Bitcoins by this major investment firm could push the cryptocurrency market into a new bearish and highly volatile phase.
According to a report from SaedNews’ cryptocurrency desk, Strategy has announced that it may use cash reserves or proceeds from selling digital assets to repurchase approximately $1.5 billion of its 2029 convertible bonds. In its official filing to investors, the company confirmed that asset sales are among the primary options under consideration to meet its liquidity needs.
The decision comes as Bitcoin trades near a critical level, and any potential selling pressure from such a major institutional holder could have a significant impact on the broader cryptocurrency market.
Strategy plans to allocate about $1.38 billion in liquidity to redeem the bonds. According to financial filings, the company has explicitly listed Bitcoin sales—alongside cash reserves and equity issuance—as an official funding source for its medium-term obligations.
Once known for its aggressive Bitcoin accumulation strategy, Strategy now faces a series of debt maturities extending through 2029. Total redeemable debt obligations are estimated at around $6.71 billion by that time, equivalent to roughly 84,900 BTC.
Analysts estimate that if Strategy were to fully fund the current buyback through Bitcoin sales, it would need to liquidate approximately 17,448 BTC—about 2.1% of its total holdings of 818,869 BTC.
While over-the-counter (OTC) trading desks, such as those at Coinbase, could help reduce immediate price impact, the mere expectation of potential selling may prompt traders to front-run the move, potentially increasing downward pressure on the market.
The company noted that if the market reacts negatively to Bitcoin sales, the liquidity profile of the asset could deteriorate. However, Strategy still retains alternative funding options, including dollar reserves and equity issuance, which could allow it to avoid selling Bitcoin altogether.
If the firm manages to settle its obligations without liquidating crypto holdings, it could reinforce market confidence in Bitcoin’s long-term stability. Otherwise, the bond maturity timeline may become a recurring source of potential selling pressure for traders to monitor.
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