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via Cointelegraph · By Cointelegraph Staff

Bitcoin Treasury Co Strategy Announces $1.5B Convertible Note Buyback

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Cointelegraph Staff

(07:03 PM UTC)

1 min read

Approved byDavid Kim

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Bitcoin treasury company Strategy announced on Friday that it will repurchase $1.5 billion in 0% convertible notes, due in 2029, retiring about half of the 2029 convertible note tranche’s total outstanding debt.

Strategy entered into “privately negotiated transactions” with a portion of its 0% senior convertible note holders on Thursday, agreeing to repurchase the debt for an estimated $1.38…

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Cointelegraph Staff · Cointelegraph

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