A bitcoin treasury firm, Strive, is reportedly employing perpetual preferred equity to address Strategy's $8 billion convertible debt overhang. According to the report, this approach provides a potential model for managing long-term leverage. The development focuses on using preferred shares to retire convertible debt, which could offer insights for other firms facing similar financial structures. The strategy may be relevant for companies in the crypto space dealing with substantial debt and seeking innovative solutions for capital management.

A bitcoin treasury firm, Strive, is reportedly employing perpetual preferred equity to address Strategy's $8 billion convertible debt overhang. According to the report, this approach provides a potential model for managing long-term leverage. The development focuses on using preferred shares to retire convertible debt, which could offer insights for other firms facing similar financial structures. The strategy may be relevant for companies in the crypto space dealing with substantial debt and seeking innovative solutions for capital management.