Strategy Slashes Net Leverage to Near Zero as Cash Balances Convertible Debt

Strategy, the bitcoin treasury company formerly known as MicroStrategy, has dramatically reduced its net leverage to nearly zero, according to the latest financial disclosures. The firm's cash position now almost perfectly matches its outstanding convertible debt, signaling a strengthened balance sheet and reduced financial risk. This strategic deleveraging move comes as the company continues to hold a significant BTC reserve, positioning itself for potential future capital deployment. The alignment of cash with convertible notes underscores a conservative financial approach, which could appeal to institutional investors seeking exposure to Bitcoin (BTC) without excessive corporate debt risk.