Strategy (MSTR) Retires $1.5 Billion in Convertible Debt at a Discount, Bitcoin Holdings Hit 843,738 BTC
Strategy has successfully retired $1.5 billion in convertible debt at an 8% discount, while its Bitcoin holdings have reached 843,738 BTC. The company aims to manage its capital structure more aggressively, shifting focus from accumulating Bitcoin to debt reduction. This strategic move is part of a broader plan to enhance liquidity and optimize financial performance.
- ▪Strategy repurchased $1.5 billion in convertible bonds, reducing its obligations from $8.2 billion to $6.7 billion.
- ▪The company now holds 843,738 BTC, acquired at an average price of $75,700 per coin.
- ▪Strategy recorded a BTC Gain of 4,391 bitcoin and a BTC Dollar Gain of $333 million from the bond buyback.
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