Strategy (formerly known as MicroStrategy) is discovering that strengthening one part of its increasingly complex balance sheet can expose weaknesses elsewhere. The Bitcoin treasury company spent $1. 5 billion in May repurchasing convertible notes, reducing its debt but also draining cash that i...
Source: [CryptoSlate](https://cryptoslate.com/strategys-strc-stress-forces-choice-between-cash-bitcoin-and-dilution/)