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0.1% is Strategy's stated net leverage after cash holdings of roughly $6.69 billion closed within $20 million of the $6.71 billion in convertible notes.
That gap ran the other way all summer; traders priced in forced selling, and when it vanished last week MSTR gained 12%.
Michael Saylor marked the shift with a two-word post, "We're Back," ending 10 weeks of silence on $BTC. Strategy, formerly MicroStrategy, last bought Bitcoin on June 22, adding 520 coins at $67,068 apiece.
It sold coins four times in the period since and routed $3.28 billion in fresh August capital entirely into dollars. Neither of Saylor's recent posts is a regulatory filing; purchases appear in weekly company reports.
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