Strategy Cuts Net Leverage as Dollar Cash Nearly Matches Convertible Debt
Strategy cut net leverage near zero as it built flexible USD cash covering preferred dividends and continues repurchasing STRC below par. The company added a $1.59 billion cash reserve, leaving about $6.75 billion in convertible debt versus $6.69 billion in dollar liquidity. Management says the cash can be used to buy Bitcoin, repay converts, and repurchase shares, with focus on Seta.