Strategy erased nearly $8 billion of net debt in 11 months and put S&P’s junk rating on the clock

Strategy, the largest Bitcoin treasury firm, is making a case for an escape from its B- junk credit rating after building billions of dollars in liquidity and reducing debt. On Sept. 10, Strategy’s head of investor relations, Chaitanya Jain, said the Michael Saylor-led company has strengthened its balance sheet in the three areas S&P Global Ratings […] The post Strategy erased nearly $8 billion of net debt in 11 months and put S&P’s junk rating on the clock appeared first on CryptoSlate.