Strategy has announced a $1.5 billion convertible bond buyback.

BlockBeats News, May 15th, Strategy announced that it has reached a private agreement with some of the holders of its Zero-Coupon Convertible Senior Notes due 2029 to repurchase approximately $1.5 billion in principal amount of the 2029 Convertible Bonds, with an expected cash repurchase price of approximately $1.38 billion. Strategy stated that the repurchase funding 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, and upon completion, the relevant notes will be cancelled. After the repurchase, the remaining outstanding principal amount of the 2029 Convertible Bonds will be approximately $1.5 billion.