Strategy plans to repurchase $1.5 billion in debt, with Bitcoin potentially serving as the source of funds.

Techub News, According to AMBCrypto, Strategy Inc. has agreed to repurchase approximately $1.5 billion of its convertible senior notes due 2029 for about $1.38 billion in cash. The company disclosed in an 8-K filing that the repurchase funds may come from cash reserves, stock sale proceeds, and/or Bitcoin sale proceeds. The company currently holds approximately 819,000 Bitcoin, making it the largest publicly traded corporate holder of Bitcoin globally. This debt repurchase occurs against the backdrop of the company's mNAV multiple compressing to around 1.06, reflecting pressure on its leveraged Bitcoin treasury strategy. This move may help improve balance sheet flexibility and reduce future dilution risk.