Strategy Eyes $1.5B Convertible Note Repurchase with Support from Bitcoin Sales

Strategy disclosed in an 8-K filing that it has entered into agreements to repurchase about $1.5 billion of its 0% Convertible Senior Notes maturing in 2029 via privately negotiated transactions.

To finance the repurchase, the company said it may use a mix of funding sources, including existing cash reserves, at-the-market (ATM) equity offerings, and possible Bitcoin sales, giving it flexibility in how the transaction is funded.

Source: Strategy