Strategy Completes $1.5 Billion Debt Repurchase

Strategy Completes $1.5 Billion Debt Repurchase

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Strategy Inc, the world’s first and largest Bitcoin Treasury Company, announced the completion of its repurchase of $1.5 billion aggregate principal amount of its outstanding 0% Convertible Senior Notes due 2029 (the “2029 Notes”) through privately negotiated transactions with certain holders of the 2029 Notes (the “Repurchases”). The estimated aggregate cash repurchase price for the Repurchases was $1.38 billion.

WilmerHale advised Strategy in the transaction.

The WilmerHale team consisted of Tom Ward, Molly Fox, Jeffries Oliver-Li, Hilary Baker-Jennings, Amy O’Connell and Emma Schlager.

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