Key Takeaways
According to CryptoSlate, Strategy reduced net debt to about $174 million and raised dollar liquidity to $6.54 billion as it nears S&P's 12-month upgrade window.
According to CryptoSlate, Bitcoin treasury firm Strategy reduced its net debt to roughly $174 million and lifted dollar liquidity to $6.54 billion by early September. Head of investor relations Chaitanya Jain stated that the Michael Saylor-led company addressed three key areas previously identified by S&P Global Ratings: dollar liquidity, convertible debt, and capital-market access during Bitcoin stress.
Convertible debt decreased from $8.21 billion to $6.71 billion after Strategy repurchased $1.5 billion of its 0% convertible senior notes due 2029 in May. Additionally, Jain reported that the firm raised $21 billion across common and preferred equity between January and August 2026, maintaining access to capital despite a Bitcoin price drop below $60,000 during the period.
Despite these balance-sheet improvements, Strategy remains heavily exposed to Bitcoin, holding 845,050 BTC as of Sept. 9. S&P previously affirmed the firm's B- issuer credit rating with a stable outlook in December 2025. S&P has not yet taken fresh action before its stated 12-month upgrade window concludes in late October 2026.
Source & Fact-Check Note
This report is synthesized from coverage by CryptoSlate. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at CryptoSlate ↗
