MicroStrategy Spends Nearly 70% of Its Cash Reserve to Clear Massive Debt
BeInCrypto
MicroStrategy repurchased $1.5 billion in convertible debt at a discount, utilizing nearly 70% of its cash reserves to reduce its total debt load.Summary
MicroStrategy has utilized $1.38 billion of its cash reserves to repurchase $1.5 billion in convertible notes due in 2029, securing an 8% discount. This strategic move lowered the company's total convertible debt to $6.7 billion and resulted in an incremental Bitcoin gain of 4,391 BTC. While this transaction temporarily paused further Bitcoin accumulation, the company, which holds 843,738 BTC, plans to rebuild its reserves through future capital instruments.
(Source：BeInCrypto)