Strategy Buys Back $152M in STRC, Reaches 0.0% Net Leverage

BitcoinWorld Strategy Buys Back $152M in STRC, Reaches 0.0% Net Leverage Strategy, the business intelligence and Bitcoin treasury company formerly known as MicroStrategy, announced that it has repurchased $152 million of its preferred stock, STRC, and simultaneously reached a 0.0% net leverage position.

The move reflects the company’s ongoing efforts to strengthen its balance sheet while maintaining its aggressive Bitcoin acquisition strategy.

Details of the Repurchase and Financial Position According to the company’s latest disclosure, the repurchase of STRC preferred shares was funded by a combination of cash on hand and proceeds from recent capital markets activity. As a result, Strategy increased its U.S.

dollar cash position by $29 million, even after the buyback, indicating a net positive cash flow effect from the transaction.