Strategy is buying back $1.5 billion of its 2029 convertible notes for $1.38 billion, potentially selling bitcoin to fund the deal.

Strategy is taking steps to pare down convertible debt with an agreement to repurchase $1.5 billion in notes—and again teased Bitcoin sales.

Strategy said Friday it plans to repurchase $1.5 billion in 2029 convertible notes as investor demand for its STRC preferred stock continues to surge.