Treasury firm Bitcoin Strategy announced Friday that it would repurchase $1.5 billion of 0% convertible notes due 2029, removing about half of the total outstanding 2029 convertible debt.
Strategy on Thursday entered into “privately negotiated transactions” with a portion of its 0% senior convertible note holders, agreeing to repurchase the debt for an estimated $1.38 billion, according to the company’s Securities and Exchange Commission (SEC). deposit.
The transaction is expected to settle on Tuesday of the week following the publication of this article, the company said, adding that the final buyout amount could “vary” from the estimated amount depending on market conditions. The company added:
“Strategy plans to fund repurchases with available cash reserves, proceeds from the sale of securities under its market offering program and/or proceeds from the sale of Bitcoin.”
Strategy filing with the SEC documenting the redemption of convertible notes in 2029. Source: Strategy
The move follows comments made by Strategy co-founder Michael Saylor in May 2026 that the company could sell part of your Bitcoin assets to fund dividend payments, and earlier comments in February that the company was considering matching its debt in coming years.
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The strategy plans to swap its convertible debt for equity over the next 3 to 6 years
Strategic plans on Equitarize your convertible debt over the next 3 to 6 years, gradually transforming the holders of its credit instruments into shareholders.
This would reduce the company’s debt burden, but also dilute existing shareholder value by adding new shares.
Source: Michael Saylor
The strategy has a total outstanding debt of approximately $8.2 billion at the time of publication, according to data of the company and financed its BTC purchases in 2026 primarily through its Expandable Perpetual Preferred Stock (STRC).
On Thursday, the STRC struck $1.5 billion in daily trading volumesetting a new record for the equity instrument and signaling strong investor interest.
The company Most recent Bitcoin purchase happened on Monday, when he purchased 535 Bitcoins for $43 million, bringing his total Bitcoin holdings to 818,869 coins, valued at approximately $64 billion, using the spot market price of BTC at the time of publication.
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