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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
$64,900.01
+1.41%
$64,900.01
+1.41%
(24s)24h Volume
$11,387,163,245.54
24h H/L
$65,176.60 / $63,603.92
Change: $1,572.68 (2.47%)
Long/Short
57.2%
Long: 57.2%Short: 42.8%
Funding Rate
+0.0055%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(02:50 PM UTC)
1 min read
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.
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