Strategy has reached a private agreement with holders of its 0% convertible senior notes due 2029 to repurchase approximately $1.5 billion in principal amount of the notes for about $1.38 billion in cash. The funds for this transaction are expected to come from cash reserves, ATM offerings, and proceeds from Bitcoin sales. The transaction is anticipated to be completed by May 19. Following the repurchase, the remaining outstanding principal of the 2029 convertible notes will be approximately $1.5 billion.
Strategy to Repurchase $1.5 Billion Convertible Notes for $1.38 Billion
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