MicroStrategy Spends Nearly 70% of Its Cash Reserve to Clear Massive Debt
MicroStrategy spent $1.38 billion from its money reserve to repurchase $1.5 billion of zero-coupon convertible notes due 2029, settling the debt at an 8% low cost to par. The buyback consumed most of the corporate’s roughly $2 billion USD Reserve, leaving $871 million available. Bitcoin purchases had been paused for the week because the stability…
