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BlockBeats News, May 15th - Today, Strategy announced that it plans to repurchase approximately $1.5 billion principal amount of its 2029 Convertible Bonds. It stated that the repurchase funds may come from the proceeds of selling Bitcoin.
Official documents show that Strategy mentioned the repurchase funds will come from existing cash reserves, funds from the ATM issuance program, and/or proceeds from selling Bitcoin. The company expects the transaction to be completed around May 19, 2026, and after completion, the relevant notes will be canceled. Following the repurchase, the remaining outstanding principal amount of the 2029 Convertible Bonds will be approximately $1.5 billion.
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