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The post Bitcoin Giant Strategy Moves to Retire $1.5 Billion in Convertible Debt, Says It Could Sell BTC appeared on BitcoinEthereumNews.com. In brief Strategy has entered into an agreement to repurchase $1.5 billion of its 2029 convertible senior notes for an estimated $1.38 billion The move marks the first major step in a multi-year push to “equitize” and pare down the firm’s massive $8.2 billion debt stack. To fund the repurchase of notes due in 2029, the company explicitly listed the “sale of Bitcoin” as an option in its filing. Strategy signaled on Friday that it’s taking major steps to pare down its convertible debt stack, entering into an agreement to repurchase $1.5 billion in notes due in 2029. The Bitcoin-buying firm said in a filing that it expects to pay roughly $1.38 billion to retire debt that the company took on to expand its crypto cache in November 2024, representing a significant chunk of $8.2 billion borrowed by the company in recent years. Co-founder and Executive C
Read full articleBitcoin’s drop below $79,000 was driven by a sharp swing in global risk sentiment after the U.S.–China summit ended without progress and fresh Middle East tensions rattled markets. US-China Tech Cold War Intensifies Bitcoin plunged below the $79,000 mark for the second time in two days as investor sentiment shifted from optimism to caution after […]
Coinbase Wrapped BTC expands to Tempo through Chainlink CCIP, bringing cbBTC access with ISO 27001 and SOC 2 security backing. Coinbase Wrapped BTC has expanded to Tempo through Chainlink CCIP, giving the payments-focused Layer 1 access to cbBTC. The move brings Bitcoin-backed liquidity to Tempo, while using Chainlink’s cross-chain security model for asset transfers. Coinbase […] The post Coinbase Wrapped BTC Expands To Tempo With Chainlink Security Backing appeared first on Live Bitcoin News.
Options expiry contracts worth $2.6 billion across Bitcoin, Ethereum, XRP, and Solana settled on Deribit on May 15, triggering widespread market liquidations. According to Deribit data, approximately 25,000 Bitcoin options with a notional value exceeding $2 billion rolled off on…
Sellers have pulled Bitcoin back below the $79,000 level, but buying may emerge as the price nears the $76,000 support.
Strategy bonds worth $1.5 billion are being repurchased as Michael Saylor’s firm lists Bitcoin sales as a potential funding source. Strategy filed a Form 8-K on Friday announcing it has agreed to repurchase approximately $1.5 billion of its 0% Convertible…
ZachXBT warns THORChain may have lost over $10M across Bitcoin, Ethereum, BSC, and Base as the protocol halts trading. Blockchain investigator ZachXBT has warned that THORChain may have suffered a multi-chain exploit, with losses above $10 million. The alert named Bitcoin, Ethereum, BSC, and Base as affected chains. Soon after, THORChain paused trading and carried […] The post ZachXBT Issues THORChain Alert As Multi Chain Losses May Exceed Ten Million appeared first on Live Bitcoin News.
Bitcoin faces Japan bond pressure as 30-year JGB yields hit 4%, while BTC network activity nears a key inflection zone. Japan’s rising bond yields are adding pressure to Bitcoin as analysts watch for signs of a yen carry trade unwind. At the same time, Bitcoin network activity is recovering, and on-chain data is moving near […] The post Bitcoin Faces Japan Bond Pressure As Network Activity Nears Key Inflection Zone appeared first on Live Bitcoin News.
IREN, a prominent Bitcoin mining firm, completed a $3 billion convertible notes offering to accelerate its AI cloud infrastructure buildout.
