Strategy buys back $152M of STRC, reaches 0.0% net leverage

Strategy said it increased its U.S. dollar cash position by $29 million and repurchased $152 million of its preferred stock, STRC. Net leverage stood at 0.0%. The company added its U.S. dollar defense period, or USD Duration, had extended to 4.0 years, up 23 days, while STRC’s Bitcoin credit risk spread, or BTC Credit, improved to 56 basis points, down three basis points.