Strategy to Repurchase $1.5B in Notes, Says Bitcoin Sales Could Fund Deal – Bitcoin News
On May 15, Strategy Inc. (Nasdaq: MSTR) announced on X that it had entered privately negotiated agreements to repurchase about $1.5 billion principal amount of its 0% Convertible Senior Notes due 2029. The company also filed a Form 8-K with the Securities and Exchange Commission (SEC), estimating the cash repurchase price at about $1.38 billion. The final cash amount will partly reflect Strategys Class A common stock trading price during an agreed measurement period. Selected noteholders joined the transactions, which are expected to settle on or about May 19. After settlement, Strategy intends to cancel the repurchased notes, removing them from its outstanding debt base rather than leaving them available for resale or future conversion. The filing stated: “The actual amount of cash paid in the repurchases could vary from the estimated aggregate repurchase price.” Strategy issued the 2029 notes in November 2024, when it still operated as Microstrategy, to raise capital for purchases and general corporate purposes. The offering reached $3 billion after purchasers exercised an additional allocation option. The repurchase follows a first quarter in which Strategy reported a $12.54 billion net loss, driven by $14.46 billion in unrealized losses tied to holdings. As of writing, Strategy holds 818,869 . Filing Puts








