Community Articles

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

$62,797.86
-2.14%
24h Volume

$18,036,168,213.15

24h H/L

$64,275.38 / $61,938.00

Change: $2,337.38 (3.77%)

Long/Short
68.0%
Long: 68.0%Short: 32.0%
Funding Rate

+0.0015%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$62,797.87

0.10%

Volume (24h): -

Resistance Levels
Resistance 3$65,584.14
Resistance 2$64,241.09
Resistance 1$62,942.39
Price$62,797.87
Support 1$61,886.44
Support 2$60,556.93
Support 3$59,130.91
Pivot (PP):$62,883.54
Trend:Downtrend
RSI (14):37.6
DE
Decrypt Editorial
(02:50 PM UTC)
1 min read
DK
Updated byDavid Kim
1052 views
0 comments

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

Decrypt Editorial · Decrypt

Read original →

Comments
Comments