A few years ago, it was crypto guys posting their portfolio balances. Then it was the meme stock guys. Now it's the chip / AI guys. They are all different people, which leads me to believe nothing lasts forever in markets, and it's best to stay humble.
$MSTR - STRATEGY SLASHES DEBT WITH $1.5B BUYBACK
Strategy repurchased $1.5 billion of convertible notes at an 8% discount, cutting total convertible debt from $8.2 billion to $6.7 billion.
The company also raised capital to buy 24,869 bitcoin, bringing total holdings to 843,738 BTC. Strategy now holds $871 million in cash reserves.
CFO Andrew Kang called the move “equity and credit positive.”