MSTR Stock: Strategy May Have To Cough Up $1 Bil In 2027 As Bitcoin Slides
Strategy’s first billion-dollar payment on its convertible debt may come due in September 2027 now that shares of the biggest corporate bitcoin owner have tumbled below the conversion price, erasing the equity incentive for bondholders. MSTR stock continued to fall early Friday as bitcoin hit a seven-month low before cutting some losses amid rising odds…