CoinScoopMicroStrategy reduces net debt by $8 billion, eyes S&P credit rating upgrade
MicroStrategy (MicroStrategy), the largest corporate Bitcoin holder, has significantly strengthened its balance sheet by erasing nearly $8 billion in net debt over the past 11 months. Head of investor relations Chaitanya Jain stated that the company is actively working to improve its B- junk credit rating from S&P Global Ratings by enhancing liquidity and reducing leverage.
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