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Guavy AI Editorial Team••Sentiment: 2•Clout: 22

Bitmine's Alchemy of 5% and Strategy's Debt Reduction

BTCETH

As the cryptocurrency market grapples with a billion-dollar paper loss, two major corporate whales have responded in starkly different ways.

Strategy directed $1.38 billion towards buying back bonds, effectively eliminating the threat from its riskiest convertible debt.

The move preserved Strategy's Bitcoin balance sheet, with no coins sold despite a significant reduction in leverage. Meanwhile, BitMine took advantage of Ethereum's drop below $2,200 to acquire an additional 111,942 ETH.