Strategy’s $1.5 Billion Debt Buyback Boosts MSTR BTC Per Share
Strategy (MSTR), the world’s largest corporate holder of bitcoin, repurchased $1.5 billion of its 0% convertible senior notes due in 2029 last week for approximately $1.38 billion, according to a filing released Tuesday. Rather than using the funds to acquire additional bitcoin, the company chose to reduce its outstanding debt. The repurchase was funded with…
