The company will repurchase its zero-coupon convertible bonds, due in 2029, at a discounted price of $1.38 billion. The transaction will be completed on May 19 at a price of $0.92 per dollar. The source for purchasing the bonds may include cash reserves, as well as the sale of shares or BTC. Previously, Strategy's CEO Phong Le stated that the company would sell BTC if it proved more beneficial than selling shares. Meanwhile, Chairman Michael Saylor mentioned that they would purchase between 10 to 20 bitcoins for each BTC sold. Last week, Strategy acquired 24,900 BTC for $2 billion. The company now holds 4% of the coins valued at $64.4 billion. The unrealized profit amounts to $545 million (0.9%).
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Strategy acquired 4% of the available BTC and is repurchasing bonds for $1.5 billion.
The company will repurchase its zero-coupon convertible bonds, due in 2029, at a discounted price of $1.38 billion. The transaction will be completed on May 19 at a price of $0.92 per dollar. The sour...