Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Strategy will buy back bonds worth $1.5 billion by selling Bitcoin.
Strategy, founded by Mike Saylor, announced in its SEC filing its intention to repurchase some of its convertible bonds due in 2029 for approximately $1.5 billion.
The document states that the funding for the buyback will be made through available cash, the sale of new securities, and/or the sale of Bitcoin.
It is planned that about $1.38 billion will be spent on the buyback. The deal is expected to close on May 19. After completing the buyback, the company will redeem the purchased bonds, leaving in circulation bonds due in 2029 also worth approximately $1.5 billion.
Last week, Saylor noted that Strategy might sell some Bitcoin to pay dividends on the STRC preferred shares instead of issuing new MSTR shares.
The company emphasized that selling Bitcoin is possible if it proves to be more beneficial for shareholders than issuing additional shares.
As of May 10, Strategy's balance sheet shows 818,869 BTC, which accounts for about 4% of the total supply. Since 2020, the company has spent approximately $61.86 billion on acquiring them, at an average purchase price of $75,540 per BTC.