Strategy agreed to repurchase $1.5 billion of its 2029 zero-coupon convertible notes for about $1.38 billion in private deals, marking the first time it listed Bitcoin sales as a potential funding source alongside cash and equity proceeds. The repurchased notes will be cancelled after settlement around May 19, reducing the 2029 tranche to roughly $1.5 billion outstanding. This move reflects Strategy's ongoing plan to reduce its $8.2 billion debt and comes as the company continues to accumulate Bitcoin, holding over 818,000 BTC. The buyback is significant because current bond prices are below conversion value, prompting bondholders to sell back at a discount rather than convert to shares.
Research presented at the 2026 American Urological Association Annual Meeting reveals progress in bladder cancer treatment and prevention. Key findings include an immunotherapy drug, durvalumab, combined with standard BCG treatment, which delays dise...
The Law Offices of Howard G. Smith has issued a reminder for investors in Stellantis, United Homes Group, LKQ Corporation, and Globant about upcoming deadlines to file lead plaintiff motions in securities fraud class actions. These lawsuits allege th...
US stock markets declined on Friday due to rising oil prices and a bond market sell-off, which increased fears of interest rate hikes by the Federal Reserve. The 10-year Treasury yield hit its highest level in a year, and traders now expect no rate c...
DexCom outlined its long-term growth vision, expecting over 10% annual organic revenue growth through 2030. The company aims for a 67-69% adjusted gross profit margin and a 29-30% adjusted operating profit margin by 2030. DexCom also approved a new $...
Trasteel Holding S.A. and Al Qalaa International Group have established a 50-50 joint venture named QTrasteel to enhance trading, project development, and industrial services across the Middle East and North Africa (MENA) region. This partnership lev...
