Strategy’s net reserve stands at $36.6 billion
Strategy has created a new market metrics framework, replacing gross BTC-based figures with net equivalents.
The new framework gives common shareholders a clearer view of net bitcoin exposure after preferred stock and convertible debt obligations.
The company’s net reserve currently sits at $36.6 billion, after subtracting $6.8 billion of out-of-the-money convertible debt and $15.5 billion of preferred stock from its bitcoin and cash reserves.