Strategy Repurchases $1.5 Billion in Convertible Bonds Below Face Value

Strategy has repurchased approximately $1.5 billion of its own convertible bonds below face value, opting not to invest in Bitcoin this week. According to NS3.AI, the company paid about $1.38 billion in cash for the repurchase, resulting in savings of around $120 million. Michael Saylor, the company's executive chairman, described this decision as a temporary measure.