hodler

16 Feb 2026, 08:10

Strategy (MSTR) plans to swap $6B convertible debt for equity

Michael Saylor said on Sunday that Strategy (previously known as Microstrategy) plans to convert roughly $6 billion of its convertible debt into equity over the next three to six years, aiming to lower leverage while keeping flexibility around its Bitcoin strategy. The company said it can withstand a drawdown in Bitcoin’s price to $8,000 and still have sufficient assets to fully cover its debt, pointing to $49 billion in BTC reserves and 714,644 BTC on its balance sheet. Debt swap plan and balance sheet posture The company posted on X saying the firm’s convertible debt is around $6 billion, and the reserve position implies Bitcoin would need to fall about 88% for the two to be equal. Saylor added that the company intends to convert its convertible notes to equity over three to six years. Equitizing convertible debt turns bondholders into shareholders, which reduces debt pressure but can dilute existing investors. Strategy also said it will avoid issuing additional senior debt through convertible senior notes. The firm has accumulated over $8.2 billion in debt, primarily via convertible notes, and noted there are no major maturities until 2028, according to the company’s statements summarized by Benzinga. Saylor said last week the company has 2.5 years of cash to cover dividends and debt without raising money. Asked how Strategy would respond if Bitcoin dropped 90% and stayed there for four years, he replied, “We’ll refinance the debt.” Bitcoin exposure and ongoing accumulation Strategy’s average Bitcoin purchase price is around $76,000, meaning it is currently down about 10% with BTC near $68,400, according to the firm and CoinGecko data cited in market reports. Saylor signaled another purchase by posting the company’s accumulation chart on X on Sunday. A new buy would mark 12 consecutive weeks of additions despite recent declines in both the asset and the stock. Stock performance and market context Strategy shares (NASDAQ: MSTR) rose 8.8% on Friday to close at $133.88, according to Google Finance. Bitcoin briefly reclaimed $70,000 late Friday before slipping to $68,400 on Monday, CoinGecko figures showed. Despite the bounce, Strategy’s stock is down 70% from its mid-July all-time high of $456. Over the same period, Bitcoin prices have fallen 50% from their early October peak, tying the equity’s drawdown to the broader market retracement. Skepticism and the downside case Strategy framed its balance sheet as resilient, saying reserves of $49 billion versus $6 billion of net debt would still match liabilities if Bitcoin fell to $8,000. The company described net debt as total outside debt minus cash reserves. Critics pushed back on the narrative. Economist Peter Schiff questioned whether markets would take Saylor or Bitcoin seriously at $8,000. Benzinga’s analysis noted that at $8,000, Strategy’s 714,644 BTC would be worth about $5.7 billion against an average acquisition cost of roughly $54.35 billion, implying an unrealized loss of $48.6 billion in that scenario. The post Strategy (MSTR) plans to swap $6B convertible debt for equity appeared first on Invezz

16 Feb 2026, 08:09

Ripple Price Prediction: Is $1 Back in Play After XRP’s Rally Was Halted at $1.65?

Ripple’s XRP has staged a sharp rebound after printing a local low near $1.10, but the broader structure remains fragile. The recent impulsive move higher has pushed the price back into a key supply area, creating a critical decision point between continuation and another rejection within the dominant downtrend. Ripple Price Analysis: The Daily Chart On the daily timeframe, XRP remains inside a well-defined descending channel, respecting the bearish structure despite the recent bounce. The sell-off accelerated toward the major demand zone around $1.10–$1.20, where buyers finally stepped in aggressively. This reaction confirms the significance of the $1.15 area as a strong higher-timeframe demand. However, the rebound is now approaching the channel’s middle trendline , a prior breakdown region near $1.75–$1.85, which previously acted as support and has now flipped into resistance. As long as the asset remains below this $1.80 region, the broader bias stays corrective within a bearish trend. A daily close above $1.85 would open the path toward the next major supply at $2.40–$2.50, while rejection from this zone could send the price back toward $1.20 again. XRP/USDT 4-Hour Chart On the 4-hour timeframe, the recovery appears more impulsive, with strong bullish candles reclaiming the short-term supply area around $1.50–$1.55. The asset pushed into the $1.65–$1.80 region, which aligns with minor intraday supply and the lower boundary of the previous consolidation range. However, it was rejected there and brought back to its starting point. If RP manages to stabilize above $1.55 and build a base between $1.55 and $1.70, a continuation toward $1.80 becomes likely. On the other hand, failure to hold above $1.55 could shift momentum back to the downside, exposing $1.30 first and then the key $1.15 demand again. The post Ripple Price Prediction: Is $1 Back in Play After XRP’s Rally Was Halted at $1.65? appeared first on CryptoPotato .

16 Feb 2026, 07:51

Bitcoin Price Analysis: What Does the Latest Rejection at $70K Mean for BTC’s Structure?

Bitcoin’s recent bounce has pushed the market back toward the $70K–$72K area, but the broader structure remains fragile. The key question now is whether this rebound can evolve into a deeper corrective move toward overhead resistance, or if it is merely a temporary reaction within a dominant downtrend. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, BTC remains inside a clear descending channel, preserving the overall bearish structure. The breakdown below the $75K level triggered an accelerated sell-off that extended directly into the $60K demand zone, where buyers finally stepped in. The recent recovery has brought the price back toward $70K, which also aligns with the channel’s mid-boundary, making it a notable resistance. However, Bitcoin is still trading below the critical $75K resistance. As long as the market remains beneath the $75K-$80K region, the move is technically considered a corrective rebound within a broader bearish trend. A decisive reclaim of $75K would expose $78,915 and then $81,485 (0.702) as the next upside targets. On the downside, the $60K zone remains the primary structural support. BTC/USDT 4-Hour Chart On the 4-hour timeframe, the rebound from $60K appears impulsive, but the price is now approaching the $70K-$72K short-term resistance area, which aligns with the descending structure and previous breakdown region. The market is currently compressing below this level. A confirmed break and consolidation above $72K would likely trigger continuation toward $75K crucial threshold. However, failure to clear this resistance could result in renewed downside pressure, targeting $65K first and potentially revisiting the $60K demand zone if selling momentum increases. Sentiment Analysis The Bitcoin Futures Average Order Size chart reveals a notable shift during the recent decline. As the asset approached the $60,000–$65,000 region, several green dots appeared, representing large whale-sized orders entering the market. This cluster of green dots near the local bottom suggests that larger participants began accumulating during the panic-driven sell-off. However, red dots has been apeared following the recent rebou, reflecting retail-driven activity. The recent whale participation at lower prices increases the probability that the $60K region attracted strategic accumulation rather than random buying, while the retail-driven rebound hints at a potential consolidation stage followed by bullish retracements. If this whale activity returns around the $65K-$80K range, it strengthens the case for a sustained rebound. However, for the structure to shift meaningfully bullish, Bitcoin must reclaim $80K. Without that reclaim, the broader daily trend remains corrective within a bearish framework. The post Bitcoin Price Analysis: What Does the Latest Rejection at $70K Mean for BTC’s Structure? appeared first on CryptoPotato .