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But we saved everything 🙂.
James Van Straten highlights that Strategy strategically issued $3 billion of 0 percent convertible debt when its stock price briefly exceeded $433.
He notes that the company is now retiring the debt below par, effectively reducing almost 20 percent of its total debt load and lowering future dilution risk. According to Van Straten, Strategy benefited from both the timing of its issuance and subsequent debt retirement.
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Van Straten previously reviewed Strategy’s December 2022 tax harvest sale and buyback that led to a net gain of 106 BTC, according to one of his earlier articles. He has also outlined how BTC loss harvesting can create tax benefits while highlighting MSTR buys under certain metrics in a separate report. These moves show a pattern of balance sheet management aimed at improving financial flexibility.