Bitcoin Giant Strategy Moves to Retire $1.5 Billion in Convertible Debt, Says It Could Sell BTC

In brief

• Strategy has entered into an agreement to repurchase $1.5 billion of its 2029 convertible senior notes for an estimated $1.38 billion
• The move marks the first major step in a multi-year push to “equitize” and pare down the firm’s massive $8.2 billion debt stack.
• To fund the repurchase…