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$MSTR - STRATEGY SLASHES DEBT WITH $1.5B BUYBACK Strategy repurchased $1.5 billion of convertible notes at an 8% discount, cutting total co…

$MSTR - STRATEGY SLASHES DEBT WITH $1.5B BUYBACK Strategy repurchased $1.5 billion of convertible notes at an 8% discount, cutting total convertible debt from $8.2 billion to $6.7 billion. The company also raised capital to buy 24,869 bitcoin, bringing total holdings to 843,738 BTC. Strategy now holds $871 million in cash reserves. CFO Andrew Kang called the move “equity and credit positive.”
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