Strategy says it has reduced net debt to zero and strengthened its balance sheet.

September 2, Strategy CEO Phong Le stated in an interview with Bloomberg, "We do not make decisions based on the specific price of Bitcoin. So what did we do? In the past two months, although we did not purchase Bitcoin, we strengthened our balance sheet. Currently, Strategy holds $7.2 billion in assets, including $6.5 billion in Bitcoin and $700 million in US dollar reserves, with US dollar reserves increasing by 34% over the past two months. At the same time, Strategy also reduced its net debt from about $700 million to zero. Therefore, by strengthening the balance sheet, we have actually increased our equity value, which also makes selling MSTR and buying Bitcoin more profitable. That’s the change that occurred over the past few months. Now, this has given us a 'bulletproof' balance sheet, essentially a 'fortress' balance sheet.” Previous reports stated that Strategy increased its Bitcoin holdings again last week after a two-month interval.