Strategy to repurchase $1.5 billion of 2029 convertible bonds using cash or bitcoin sales

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The company, led by Michael Saylor, is implementing a strategy to repurchase $1.5 billion of its 2029 convertible bonds using cash or bitcoin sales, aiming to retire half of its outstanding 0% 2029 converts as it restructures liabilities tied to its bitcoin treasury strategy, potentially reducing its debt burden and improving financial stability in the market.