Business intelligence software giant, Strategy, announced that it has entered into privately negotiated agreements with certain holders of its outstanding 0% Convertible Senior Notes due 2029 to repurchase approximately $1.5 billion in aggregate principal amount of the notes.
The company said the estimated aggregate cash repurchase price is around $1.38 billion, although the final amount remains subject to adjustment based partly on the daily volume-weighted average price of Strategy’s Class A common stock during an agreed measurement period.
According to the official document released by the Michael Saylor-founded company, the actual cash amount paid could change depending on movements in the stock price during that period.
Strategy said it plans to fund the repurchases using available cash reserves, proceeds from sales of securities under its at-the-market offering program, and potentially proceeds from Bitcoin (BTC) sales.
The transactions are expected to settle on or around May 1
We współpracy z: https://cryptopotato.com/strategy-plans-major-note-repurchase-while-leaving-door-open-to-bitcoin-sales/
