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via Decrypt · By Decrypt Editorial

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

BTC

BTC/USDT

$75,380.73
+8.64%
24h Volume

$39,915,702,209.56

24h H/L

$75,785.82 / $69,336.97

Change: $6,448.85 (9.30%)

Long/Short
51.1%
Long: 51.1%Short: 48.9%
Funding Rate

+0.0041%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$75,328.68

3.15%

Volume (24h): -

Resistance Levels
Resistance 3$78,568.57
Resistance 2$76,859.07
Resistance 1$75,785.82
Price$75,328.68
Support 1$73,884.38
Support 2$72,752.75
Support 3$70,151.58
Pivot (PP):$71,775.79
Trend:Uptrend
RSI (14):83.2
DE
Decrypt Editorial
(02:50 PM UTC)
1 min read
DK
Updated byDavid Kim

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 of notes due in 2029, the company explicitly listed the "sale of Bitcoin" as an option in its filing.

St…

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