Strategy Drains Cash Reserve to Retire $1.5B in Debt
Strategy spent $1.38 billion of its cash reserve to repurchase $1.5 billion in zero-coupon convertible notes at an 8% discount, pausing bitcoin purchases while restructuring its balance sheet.
Strategy spent $1.38 billion of its cash reserve to repurchase $1.5 billion in zero-coupon convertible notes at an 8% discount, pausing bitcoin purchases while restructuring its balance sheet.
