Strategy to repurchase $1.5B in convertible notes

Strategy announced it has entered into agreements with certain investors to repurchase approximately $1.5 billion of its 0% convertible senior notes due 2029. The company stated the expected cash purchase price is about $1.38 billion, which will be funded using existing cash reserves, its at-the-market equity offering program, and proceeds from Bitcoin sales. Strategy anticipates the transaction will close on or around May 19. Following the repurchase, the notes will be retired, leaving an outstanding principal amount of about $1.5 billion for the 2029 notes.