--- title: "关于回购 15 亿美元 2029 年到期可转换债券的策略" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/286652641.md" description: "Strategy，一家比特币财库公司，宣布计划回购价值 15 亿美元的 2029 年到期的 0% 可转换债券，约占总未偿债务的一半。此次回购预计为 13.8 亿美元，将通过现金储备和证券或比特币的销售来融资。该公司计划在未来 3-6 年内将其可转换债务股权化，这可能会稀释现有股东的价值。Strategy 目前总未偿债务约为 82 亿美元，并持有价值约 640 亿美元的比特币" datetime: "2026-05-16T19:03:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286652641.md) - [en](https://longbridge.com/en/news/286652641.md) - [zh-HK](https://longbridge.com/zh-HK/news/286652641.md) --- # 关于回购 15 亿美元 2029 年到期可转换债券的策略 Bitcoin treasury company Strategy announced on Friday that it will repurchase $1.5 billion in 0% convertible notes, due in 2029, retiring about half of the 2029 convertible note tranche’s total outstanding debt. Strategy entered into “privately negotiated transactions” with a portion of its 0% senior convertible note holders on Thursday, agreeing to repurchase the debt for an estimated $1.38 billion, according to the company’s Securities and Exchange Commission (SEC) filing. The transaction is set to settle on Tuesday of the week following the publication of this article, the company said, adding that the final repurchase amount could “vary” from the estimated amount based on market conditions. The company added: “Strategy expects to fund the repurchases with available cash reserves, proceeds from sales of securities under its at-the-market offering program, and/or proceeds from the sale of bitcoin.” _Strategy's SEC filing documenting the 2029 convertible note repurchase. Source:_ Strategy The move follows comments made by Strategy co-founder Michael Saylor in May 2026, signaling that the company could sell a portion of its Bitcoin holdings to fund dividend payments, and earlier comments in February that the company plans to equitize its debt in the coming years. **Strategy plans to swap its convertible debt for equity over the next 3-6 years** Strategy plans on equitizing its convertible debt over the next 3-6 years, gradually turning holders of its credit instruments into equity holders. This would reduce the debt burden on the company, but would also dilute existing stockholder value by adding new equity shares. _Source:_ Michael Saylor Strategy has about $8.2 billion in total outstanding debt at the time of publication, according to data from the company, and has funded its BTC buys in 2026 primarily through its Stretch Perpetual Preferred Stock (STRC). On Thursday, STRC hit $1.5 billion in daily trading volume, setting a new record for the equity instrument, and signaling strong investor interest. The company’s most recent Bitcoin purchase occurred on Monday, when it bought 535 Bitcoin for $43 million, bringing its total Bitcoin holdings to 818,869 coins, valued at about $64 billion, using BTC’s spot market price at the time of publication. ### 相关股票 - [STRD.US](https://longbridge.com/zh-CN/quote/STRD.US.md) - [GBTC.US](https://longbridge.com/zh-CN/quote/GBTC.US.md) - [MSTR.US](https://longbridge.com/zh-CN/quote/MSTR.US.md) - [COIN.US](https://longbridge.com/zh-CN/quote/COIN.US.md) - [IBIT.US](https://longbridge.com/zh-CN/quote/IBIT.US.md) - [BITO.US](https://longbridge.com/zh-CN/quote/BITO.US.md) - [BRRR.US](https://longbridge.com/zh-CN/quote/BRRR.US.md) - [ARKB.US](https://longbridge.com/zh-CN/quote/ARKB.US.md) - [HODL.US](https://longbridge.com/zh-CN/quote/HODL.US.md) - [BTCO.US](https://longbridge.com/zh-CN/quote/BTCO.US.md) - [BTCW.US](https://longbridge.com/zh-CN/quote/BTCW.US.md) - [EZBC.US](https://longbridge.com/zh-CN/quote/EZBC.US.md) - [FBTC.US](https://longbridge.com/zh-CN/quote/FBTC.US.md) - [BITB.US](https://longbridge.com/zh-CN/quote/BITB.US.md) - [BTCHKD.VAHK](https://longbridge.com/zh-CN/quote/BTCHKD.VAHK.md) - [BTCUSD.VAHK](https://longbridge.com/zh-CN/quote/BTCUSD.VAHK.md) - [STRC.US](https://longbridge.com/zh-CN/quote/STRC.US.md) - [STRF.US](https://longbridge.com/zh-CN/quote/STRF.US.md) - [STRK.US](https://longbridge.com/zh-CN/quote/STRK.US.md) ## 相关资讯与研究 - [趋境科技 Pre-A 轮拿数亿，抢滩 Token 基础服务](https://longbridge.com/zh-CN/news/287021057.md) - [Altman 拿 Token 换股权只够烧 45 天，20 亿 Token 捐母校只值 100 块：Token 真成 “钱” 了，谁更赚？](https://longbridge.com/zh-CN/news/287035294.md) - [HASHKEY HLDGS 拟出资 2000 万美元参与 SignalPlus 的 B+ 轮投资](https://longbridge.com/zh-CN/news/287057133.md) - [诉讼阴霾消散！马斯克告败，OpenAI 扫清最大障碍直指 “世纪 IPO”](https://longbridge.com/zh-CN/news/287018534.md) - [趋境科技完成数亿元融资，加速建设 AI Token 生产基础设施](https://longbridge.com/zh-CN/news/287035725.md)