Strategy announced today plans to repurchase approximately $1.5 billion of 2029 maturing convertible bonds.

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Golden Finance reports that on May 15, Strategy announced plans to repurchase approximately $1.5 billion of 2029 maturing convertible bonds.
It stated that the repurchase funds may come from proceeds of selling Bitcoin.
Official documents show that Strategy states the repurchase funds will come from existing cash reserves, proceeds from the ATM issuance plan, and/or proceeds from selling Bitcoin.
The company expects the transaction to be completed around May 19, 2026, after which the related notes will be canceled.
After the repurchase is completed, the remaining principal of the 2029 convertible bonds will be approximately $1.5 billion.

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