A bitcoin treasury company has reduced its net leverage to near zero by aligning cash with convertible debt. The firm has also sustained preferred-dividend coverage for nearly four years. Additionally, it has continued repurchasing stock at prices below par.
Bitcoin treasury firm pares net leverage to near zero with cash matching convertible debt
The company has maintained preferred-dividend coverage for nearly four years while repurchasing stock below par.
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Marcus Webb · Crypto Desk · 27 Aug 2026 · 00:46 · 1 min read
This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Marcus Webb
Crypto Desk
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
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