Strategy completes $1.5B convertible note repurchase

Strategy announced it has completed the repurchase of $1.5 billion in convertible notes due 2029. The company used approximately $1.38 billion in cash to buy back the notes at a discount of about 8% to their face value. Strategy added that the transaction improved the value of BTC per share and reduced its total outstanding convertible notes from $8.2 billion to $6.7 billion.