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via The Block · By The Block Editorial

Strategy to retire $1.5 billion in convertible notes at a discount, may sell bitcoin to fund buyback

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The Block Editorial

(01:16 PM UTC)

1 min read

Updated byJames Mitchell

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Strategy (NASDAQ: MSTR) plans to repurchase $1.5 billion worth of debt at a discount and listed bitcoin sales as a potential funding source.

The company entered into privately negotiated transactions with zero-coupon convertible note holders on May 14, with settlement expected on or about May 19, according to an 8-K filed with the SEC. In the deal, Strategy would pay approximately…

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