20h ago
Strategy outlines $1.5B 2029 note buyback, flags possible bitcoin sales as funding
On May 15, Strategy Inc. (Nasdaq: MSTR) said it reached privately negotiated deals to repurchase about $1.5 billion of its 0% Convertible Senior Notes due 2029. The company estimated the cash repurchase price at about $1.38 billion, with the final amount partly linked to its Class A stock price during a set measurement period. Strategy listed cash, at-the-market securities sales, and potential bitcoin sales as possible funding sources, with settlement expected on or about May 19.