Strategy to Repurchase $1.5B in Notes, Says Bitcoin Sales Could Fund Deal – Bitcoin News
The post Strategy to Repurchase $1.5B in Notes, Says Bitcoin Sales Could Fund Deal – Bitcoin News appeared on BitcoinEthereumNews.com. Key Takeaways Strategy agreed to repurchase about $1.5 billion of its 0% convertible notes. Funding options include cash reserves, securities-sale proceeds, and possible bitcoin sales. Cancellation of the notes would reduce outstanding debt after the transaction settles. Strategy Details $1.5 Billion Convertible Note Repurchase Plan On May 15, Strategy Inc. (Nasdaq: MSTR) announced on X that it had entered privately negotiated agreements to repurchase about $1.5 billion principal amount of its 0% Convertible Senior Notes due 2029. The company also filed a Form 8-K with the Securities and Exchange Commission (SEC), estimating the cash repurchase price at about $1.38 billion. The final cash amount will partly reflect Strategy’s Class A common stock trading price during an agreed measurement period. Selected noteholders joined the transactions, which are e