--- title: "關於回購 15 億美元 2029 年到期可轉換債券的策略" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/286652641.md" description: "Strategy，一家比特幣財庫公司，宣佈計劃回購價值 15 億美元的 2029 年到期的 0% 可轉換債券，約佔總未償債務的一半。此次回購預計為 13.8 億美元，將通過現金儲備和證券或比特幣的銷售來融資。該公司計劃在未來 3-6 年內將其可轉換債務股權化，這可能會稀釋現有股東的價值。Strategy 目前總未償債務約為 82 億美元，並持有價值約 640 億美元的比特幣" 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) --- # 關於回購 15 億美元 2029 年到期可轉換債券的策略 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. ### 相關股票 - [STRD.US](https://longbridge.com/zh-HK/quote/STRD.US.md) - [GBTC.US](https://longbridge.com/zh-HK/quote/GBTC.US.md) - [MSTR.US](https://longbridge.com/zh-HK/quote/MSTR.US.md) - [COIN.US](https://longbridge.com/zh-HK/quote/COIN.US.md) - [IBIT.US](https://longbridge.com/zh-HK/quote/IBIT.US.md) - [BITO.US](https://longbridge.com/zh-HK/quote/BITO.US.md) - [BRRR.US](https://longbridge.com/zh-HK/quote/BRRR.US.md) - [ARKB.US](https://longbridge.com/zh-HK/quote/ARKB.US.md) - [HODL.US](https://longbridge.com/zh-HK/quote/HODL.US.md) - [BTCO.US](https://longbridge.com/zh-HK/quote/BTCO.US.md) - [BTCW.US](https://longbridge.com/zh-HK/quote/BTCW.US.md) - [EZBC.US](https://longbridge.com/zh-HK/quote/EZBC.US.md) - [FBTC.US](https://longbridge.com/zh-HK/quote/FBTC.US.md) - [BITB.US](https://longbridge.com/zh-HK/quote/BITB.US.md) - [BTCHKD.VAHK](https://longbridge.com/zh-HK/quote/BTCHKD.VAHK.md) - [BTCUSD.VAHK](https://longbridge.com/zh-HK/quote/BTCUSD.VAHK.md) - [STRC.US](https://longbridge.com/zh-HK/quote/STRC.US.md) - [STRF.US](https://longbridge.com/zh-HK/quote/STRF.US.md) - [STRK.US](https://longbridge.com/zh-HK/quote/STRK.US.md) ## 相關資訊與研究 - [Strategy 再砸 20 億美元掃貨！比特幣持有量突破 84 萬枚，佔總供應量逾 4%](https://longbridge.com/zh-HK/news/286865248.md) - [通膨疑慮、殖利率上升壓抑風險資產 比特幣挫](https://longbridge.com/zh-HK/news/286860469.md) - [裁員潮燒向鏈上數據平台！Dune 狠砍 25％ 人力，轉向 AI 與機構級產品](https://longbridge.com/zh-HK/news/286780857.md) - [MaiCoin 集團攜手必勝客歡慶比特幣比薩日 線上線下同步送好康](https://longbridge.com/zh-HK/news/287023156.md) - [霍爾木茲海峽丨伊朗據報啟動以比特幣結算航運保險服務](https://longbridge.com/zh-HK/news/286780771.md)