Firm will repurchase $1.5 billion in 2029 convertible notes for $1.38 billion, potentially using Bitcoin sales for funding.
Strategy announced plans to repurchase $1.5 billion principal amount of its 0% Convertible Senior Notes due 2029 for approximately $1.38 billion in cash. The transactions will be conducted through privately negotiated deals.
The company indicated funding may come from existing cash reserves, at-the-market equity sales, or Bitcoin sales. The notes were originally issued to raise capital and are now being retired ahead of maturity.
No immediate market reaction was disclosed in the filing.