Strategy Repurchases $152M in Preferred Stock, Reaches Zero Net Leverage

Strategy, formerly known as MicroStrategy, has repurchased $152 million of its preferred stock, STRC. This move reflects the company's efforts to strengthen its balance sheet while maintaining an aggressive Bitcoin acquisition strategy.

The repurchase was funded by a combination of cash on hand and proceeds from recent capital markets activity, increasing Strategy's U.S. dollar cash position by $29 million.

Strategy has also reached 0.0% net leverage, indicating that its cash holdings equal or exceed its total debt.