Strategy announced that it has reached a private agreement with some holders of the 0% convertible senior notes due 2029 to repurchase approximately $1.5 billion in principal amount of the convertible debt for about $1.38 billion in cash. The buyback funds are expected to come from cash reserves, ATM offerings, and proceeds from Bitcoin sales. The transaction is expected to be completed by May 19. After the buyback, the remaining outstanding principal of the 2029 convertible notes will be approximately $1.5 billion. https://(wublock123.com)/news/strategy-announces-1-38b-cash-buyback-of-1-5b-convertible-debt-61145