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MicroStrategy Cuts $1.5B Debt, But MSTR Shares Sink 3% Despite Balance Sheet Win

Cointelegraph Read original source (opens in a new tab)
The Story

News Summary

  • MicroStrategy repurchased $1.5 billion in convertible debt at an 8% discount, reducing 2029 obligations from $8.2B to $6.7B.
  • Despite positive balance sheet implications, MSTR shares fell 3% pre-market and Bitcoin remained neutral.
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