Strategy has announced a significant buyback of $1.5 billion in outstanding notes, effectively reducing its total debt to $6.7 billion. This strategic move has garnered praise from industry experts, including André Dragosch, the European head of research at Bitwise, who noted that it alleviates a major uncertainty regarding a cash repayment wall set for mid-2028. However, despite the positive implications of the debt reduction, Strategy's stock price fell by 3% in pre-market trading, reflecting investor concerns. The company's stock has struggled recently, declining 10% over the past month and a staggering 59% over the past year, as reported by Yahoo Finance. Additionally, Bitcoin's price has also faced challenges, dropping 1.2% in the past month and 29% over the past year. This buyback follows Strategy's acquisition of 24,869 BTC for $2.01 billion between May 11 and 17, which was its third-largest investment for 2026, indicating ongoing strategic moves within the volatile cryptocurrency market.