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Strategy's shift in Bitcoin strategy signifies a pivotal turn in debt management and corporate policy adaptation.
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Strategy, the world’s largest corporate Bitcoin holder, may tap its Bitcoin reserves among other funding sources to finance a $1.38 billion buyback of $1.5 billion of its 2029 convertible notes, according to a Friday statement.
The privately negotiated deal prices the debt at roughly 8% below par and is set to settle around May 19, after which the repurchased notes will be cancelled.
