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Strategy plans $1.5B note buyback, may sell bitcoin
The Block·
Strategy is executing a plan to repurchase $1.5 billion of its 2029 convertible notes, aiming to acquire them at a discount for $1.38 billion. To finance this significant buyback, the company is considering the sale of a portion of its bitcoin holdings. This strategic financial maneuver reflects an effort to manage its debt obligations and optimize its capital structure.
Tickers
$BTC-USD
Tags
fintech
crypto
Original Source
The Block — theblock.co