Strategy achieved 0.0% net leverage by purchasing $152 million of preferred stock and increasing its cash reserves, while raising its Bitcoin holdings to 845,050 BTC.
Strategy said it increased its dollar cash reserves by $29 million and repurchased $152 million worth of its preferred stock (STRC). As a result, the company’s net leverage ratio stood at 0.0%, further strengthening its financial health.
In addition, its USD Duration increased by 23 days from the previous level to 4.0 years, while its modeled BTC Credit—the Bitcoin credit risk spread for STRC—improved after narrowing by 3 basis points to 56 basis points.
Meanwhile, Strategy announced last week that it had spent approximately $369.7 million to purchase an additional 4,603 BTC. Following the purchase, Strategy’s total Bitcoin holdings increased to 845,050 BTC.