BlockBeats News, May 15th — Strategy announced that it has reached a private negotiated transaction with some of the holders of its 2029 zero-coupon convertible senior notes, which are due in 2029. The company plans to repurchase approximately $1.5 billion of the 2029 convertible bonds, with an estimated cash repurchase price of around $1.38 billion. Strategy stated that the repurchase funds will come from existing cash reserves, funds from the ATM issuance program, and/or proceeds from the sale of Bitcoin.

The company expects the transaction to be completed around May 19, 2026. Upon completion, the relevant notes will be canceled. After the repurchase, the remaining outstanding principal amount of the 2029 convertible bonds will be approximately $1.5 billion.