Strategy taps cash reserve to retire $1.5 billion in convertible debt
Michael Saylor and team funded the repurchases using cash as it restructures liabilities tied to its BTC treasury strategy
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Michael Saylor and team funded the repurchases using cash as it restructures liabilities tied to its BTC treasury strategy
Strategy spends $1.38 billion cash to retire 2029 bonds with zero BTC sales, while BitMine absorbs 111,000 ETH despite an $8 billion paper loss
Strategy used 61% of its dedicated cash buffer to repurchase $1.5 billion in convertible notes, leaving its Bitcoin stash untouched
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