Bitcoin Giant Strategy Slashes Cash Reserves by 61% to Repurchase $1.5 Billion in Debt

In brief

• Strategy used 61% of its dedicated cash buffer ($1.38 billion) to repurchase $1.5 billion in convertible notes.
• Despite earlier corporate signals, the firm’s entire stash of 843,738 Bitcoin remained untouched during the debt repurchase.
• Although Bitcoin’s price has fallen roughly…