Strategy announced it will repurchase $1.5 billion in 0% convertible notes due 2029, retiring half the outstanding debt. The company expects to fund this with cash, ATM offerings, or Bitcoin sales.
Strategy plans to repurchase $1.5 billion of its 2029 convertible notes, potentially using Bitcoin sales as a funding source. This move highlights Bitcoin's new role on its balance sheet for debt obligations.
IREN Limited has closed a $3 billion convertible senior notes offering, raising $2.96 billion to fund its expansion into AI infrastructure. The capital will support recent major deals with Microsoft and Nvidia, marking a significant shift from its cryptocurrency mining roots.
