Every Zipp story tagged #ConvertibleDebt, newest first.
A 40.7 million-share exchange wiped out most of a 2030 note series but left the AI buildout carrying roughly $684M in fresh principal, and bondholders can demand cash back as early as November 2030.
The early repayment scrubs 7.7M shares of potential dilution off the cap table, but the move broadcasts a quieter reality for the microcap treasury cohort: when equity is hard to issue, the Bitcoin…
The preferred is no longer trading as a near-$100 funding instrument, it is being priced like stressed junior credit, and the mNAV premium that once let Saylor sell stock to buy Bitcoin has gone…
The transfer is small against the 843,738 BTC hoard, but it lands the same week Strategy paused buys, repurchased $1.5B in converts, and told investors BTC sales are now in the financing toolkit.
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