Bitcoin Firm Uses 'Perpetual' Stock Strategy to Manage $8B Debt
A bitcoin treasury firm is reportedly employing a 'perpetual' stock strategy to address its debt obligations. According to reports, the firm is utilizing perpetual preferreds to retire convertibles. This approach may provide a framework for managing long-dated leverage. The development could offer insights into how companies handle significant debt in the context of digital assets. The strategy's effectiveness and broader implications for firms with substantial debt remain to be seen.
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