BUSINESSCOINDESK
Strategy cuts net leverage to near zero as cash nearly matches convertible debt
Strategy cut its net leverage down to nearly zero. This financial achievement was made possible because the company's cash reserves now nearly match the value of its convertible debt.
Related Signal
Adjacent reporting
- Strategy taps cash reserve to retire $1.5 billion in convertible debt
- Bitcoin Giant Strategy Slashes Cash Reserves by 61% to Repurchase $1.5 Billion in Debt
- Strategy buys back $1.5B of debt at discount, cuts outstanding notes to $6.7B
- Strategy (MSTR) Retires $1.5 Billion in Convertible Debt at a Discount, Bitcoin Holdings Hit 843,738 BTC
- Bitcoin Giant Strategy Moves to Retire $1.5 Billion in Convertible Debt, Says It Could Sell BTC
- Strategy to retire $1.5 billion in convertible notes at a discount, may sell bitcoin to fund buyback