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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…

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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