Strategy announced that it has agreed to repurchase approximately $1.5 billion worth of zero-coupon convertible bonds due in 2029 through negotiations with some investors. The expected cash repurchase amount is approximately $1.38 billion, and the funds will be sourced from existing cash reserves, an ATM equity offering program, and proceeds from BTC sales. The company expects the transaction to be completed around May 19 (local time) and added that the bonds will be retired upon completion of the repurchase. Following this action, the remaining balance of the 2029 convertible bonds will be approximately $1.5 billion.
