Strategy Reduces Net Leverage to Near Zero with Strong Cash Position

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Bitcoin treasury company Strategy has cut its net leverage to near zero as its cash holdings now nearly match its convertible debt obligations. The company has accumulated close to four years' worth of preferred-dividend coverage, signaling a conservative financial posture. Strategy has also been actively repurchasing its STRK preferred shares below par value, suggesting confidence in its balance sheet. The moves reflect a deliberate effort to strengthen financial stability while maintaining its bitcoin-focused treasury strategy.

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