Techub News reports, according to AMBCrypto, that Strategy Inc. has agreed to buy back approximately $1.38 billion in cash for about $1.5 billion of convertible preferred notes due in 2029. The company disclosed in an 8-K filing that the repurchase funds may come from cash reserves, proceeds from stock sales, and/or Bitcoin sales. The company currently holds about 819k Bitcoins, making it the world's largest publicly traded Bitcoin holder. This debt buyback occurs amid a compression of the company's mNAV multiple to approximately 1.06, reflecting pressure on the leveraged Bitcoin treasury strategy. The move may help improve balance sheet flexibility and reduce future dilution risks.

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